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The bitcoin domain – the bitcoin share of the total cryptocurrency market capitalization – is in freefall in the second half of this month, after having hit the highs since the beginning of the year in mid-September.
The contribution of Bitcoin al the total market capitalization of cryptocurrency fell to just over 50%, down from almost 60% at the beginning of the month (according to the data of CoinMarketCap), while other important cryptocurrencies undergo a revival, enhanced by large winnings for ripples (XRP), bitcoin money and litecoin. & nbsp;
In August, the bitcoin domain reached 50% for the first time this year, after starting 2018 at around 37%, as many of the so-called altcoins that had risen in 2017 were heavily sold off.
A woman dressed in a t-shirt with a cryptocurrency logo shows a visual representation of the bitcoin cryptocurrency on 1 February 2018 in Paris, France. (Photo by Chesnot / Getty Images)
Bitcoin currently has a market capitalization of $ 117 billion, down from $ 127 billion at the start of the month. Meanwhile, other major cryptocurrencies have achieved significant gains while a wave of positive announcements rejuvenated traders and investor sentiment.
Although bitcoin prices have risen by almost 5% in the last 24 hours to around $ 6,700, it has not been sufficient to cancel bitcoin losses for September, which saw bitcoins rise to over $ 7,250.
The last bump of the bitcoin price was triggered by a Bloomberg report suggesting a significant "positive price movement" is on the horizon – based on the analysis of the RIG trend lines, a leading technical indicator that is a combination of RSI and momentum studies.
However, much of it excitement for the summer that institutional money was about to be poured into bitcoins and cryptocurrencies declined in September.
The US Securities and Exchange Commission further delayed its decision to approve a proposed bitcoin exchange-traded fund (ETF) close to the beginning of the month and on the US bank investment giant Goldman Sachs seemed somewhat backward from the plans offer bitcoin products to its customers.
Many are still confident that the SEC will approve a bitcoin ETF and do not see the launch of a bitcoin and cryptocurrency platform called Bakkt, in November – created by the owner of the New York Stock Exchange in collaboration with the Starbucks coffee chain, the software giant Microsoft and the Boston Consulting Group.
Bitcoin's domain collapsed until September.CoinMarketCap
Elsewhere, the price of the ripple (XRP) has grown as details of a new product launch which will see the XRP used directly by some banks that send money across borders has led to an increase of more than 100% of the price of ripple.
The market share of Ripple's cryptocurrency jumped from 5% to 10% in September.
At the beginning of this week, ripple briefly passed ethereum as the second cryptocurrency in the world by total market capitalization for the second time this month before falling back. Both ripple and ethereum are fighting for the second spot, each with a market capitalization of around $ 22 billion.
Both the ripple and the ethereum dropped dramatically from their heights at the beginning of the year, although the recent wave of ripple meant that it has recovered ground on ethereum. The market share of cryptocurrency of Ethereum has declined steadily throughout 2018 after reaching a peak of 21% and is now around 10%.
Bitcoin's liquidity was boosted by Bitmain's late public offering (IPO) proposal, finally presented in Hong Kong this week, and litecoin rose in value after yesterday's SFOX, a leading retailer, was announced. order for large-volume cryptocurrency and institutional investors, added litecoin trading support.
The bitcoin liquidity rate of cryptocurrency market capitalization rose from 3% to 4% this week. & Nbsp;
Bitcoin has been outperformed by other major cryptocurrencies in recent weeks.CoinMarketCap
This decline in the total bitcoin share of the cryptocurrency capital cap may however be short-lived. There have been more reports in the last few months INflf investors ask for a fund for the price of bitcoins – predicting that we are going to see a return to price peaks at the end of last year that saw bitcoins reach peaks of almost $ 20,000 per currency.
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The bitcoin domain – the bitcoin share of the total cryptocurrency market capitalization – is in freefall in the second half of this month, after having hit the highs since the beginning of the year in mid-September.
The contribution of Bitcoin al the total market capitalization of cryptocurrency fell to just over 50%, down from almost 60% at the beginning of the month (according to CoinMarketCap data), while other important cryptocurrencies undergo a revival, amplified by large winnings for ripples (XRP), money in bitcoins and litecoin.
In August, the bitcoin domain reached 50% for the first time this year, after starting 2018 at around 37%, as many of the so-called altcoins that had risen in 2017 were heavily sold off.
A woman dressed in a t-shirt with a cryptocurrency logo shows a visual representation of the bitcoin cryptocurrency on February 1, 2018, in Paris, France. (Photo by Chesnot / Getty Images)
Bitcoin currently has a market capitalization of $ 117 billion, down from $ 127 billion at the start of the month. Meanwhile, other major cryptocurrencies have achieved significant gains while a wave of positive announcements rejuvenated traders and investor sentiment.
Although bitcoin prices have risen by nearly 5% in the last 24 hours to around $ 6,700, it has not been sufficient to cancel bitcoin losses for September – which saw bitcoin rise to over $ 7,250.
The latest bitcoin price bump was triggered by a Bloomberg report which suggests a significant "positive price movement" on the horizon – based on the analysis of the RIG trend lines, a first technical indicator plan which is a combination of RSI and momentum studies.
However, much of the enthusiasm for the summer that institutional money was about to be poured into bitcoins and cryptocurrencies declined in September.
The US Securities and Exchange Commission further delayed its decision to approve a tightly monitored ETF (bitcoin exchange fund) proposal earlier this month and US banking investment giant Goldman Sachs looked somewhat backward compared to plans to offer bitcoin products to its customers.
Many are still confident that the SEC will approve a bitcoin ETF and do not see the launch in November of a bitcoin and cryptocurrency platform called Bakkt, created by the owner of the New York Stock Exchange in collaboration with the Starbucks coffee chain, giant Microsoft and Boston Consulting Group software.
Bitcoin's domain collapsed until September.CoinMarketCap
Elsewhere, the price of ripple (XRP) has risen while the details of a launch of a new product that see XRP used directly by some banks sending money across borders have led to an increase of over 100% of the price of ripple.
The market share of Ripple's cryptocurrency jumped from 5% to 10% in September.
At the beginning of this week, ripple briefly passed ethereum as the second cryptocurrency in the world by total market capitalization for the second time this month before falling back. Both ripple and ethereum are fighting for the second spot, each with a market capitalization of around $ 22 billion.
Both the ripple and the ethereum dropped dramatically from their heights at the beginning of the year, although the recent wave of ripple meant that it has recovered ground on ethereum. The market share of cryptocurrency of Ethereum has declined steadily throughout 2018 after reaching a peak of 21% and is now around 10%.
Bitcoin's liquidity was boosted by Bitmain's initial public offering proposal (IPO), finally presented in Hong Kong this week, and litecoin gained value after yesterday announced SFOX, a first-order merchant for large volumes and institutional investors, has added litecoin commercial support.
The bitcoin liquidity rate of cryptocurrency market capitalization rose from 3% to 4% this week.
Bitcoin has been outperformed by other major cryptocurrencies in recent weeks.CoinMarketCap
This decline in the total bitcoin share of the cryptocurrency capital cap may however be short-lived. In recent months there have been more reports of influential investors who have called the bitcoin price fund – predicting that we are going to see a return to price peaks at the end of last year that saw bitcoins reach peaks of almost $ 20,000 per currency .
