Bitcoin dominance reaches 65%, highest since April 2017

The current raise in Bitcoin´s prices is being closely followed by another trend. Dominance, understood as the percentage of all crypto held in Bitcoin, is up once again and at writing time it has exceeded 65%.
Bitcoin dominance reaches 65%, highest since April 2017
Such heights in dominance remained unseen since early 2017, before the peak of the bull run which propelled Bitcoin to its highs for last year and was subsequently followed by a notorious altcoin season.
In the last months, the repeated calls for a repetition of the period of accelerated price increase of altcoins have seemingly had no effect whatsoever. Even though plenty of individual tokens have pumped, there are no signs pointing out towards a repetition anytime soon of the generalized escalation of prices that took place in the end of 2017.
In the last hours, plenty of members of the crypto Twitter community have been realizing of the milestone, and have voiced out their opinions about it.
Bitcoin market cap: $220 billion
Bitcoin dominance: 63.9%

If you come at the King, you best not miss! 🙏🏽
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Dominance grown to a record level of 7th December 2017. That was the day when BTC made its first big pullback and big cap alts started their bullrun - ETH made 400%, EOS 450%, LTC 270% and so on. Alt season coming? 🤑
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dominance:
"Inverted Head and Shoulders-type" formation as a consolidation/continuation pattern – no hope for yet...
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Bitcoin dominance reaches 65%, highest since April 2017 Bitcoin dominance reaches 65%, highest since April 2017 Reviewed by Chaudhry on July 10, 2019 Rating: 5

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