The answer to this question is yes and no . Because while the days of BTC commanding a 70% share of the market are likely over, it’s still likely to remain the biggest coin for the foreseeable future.
Read moreWhat is Btcdom coin?
Binance BTCDOM Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin . The BTCDOM Index is a metric that traders can use to quickly get a sense of Bitcoin’s value relative to that of the broader cryptocurrency market.
Read moreHow is Btcdom calculated?
The BTCDOM Index is calculated with the weighted average prices of its constituents .
Read moreWhat was BTC market cap in 2017?
The bitcoin price index (the average bitcoin price across leading global exchanges) has also increased significantly since its creation, rising from 367 U.S. dollars in January 2016 to a peak of over 13,000 U.S. dollars at the end of December 2017.
Read moreWhat was Bitcoin worth January 2017?
BTC-USD – Bitcoin USD DateOpenHighJan 26, 2017902.40989.11Jan 19, 2017888.34937.53Jan 12, 2017775.18917.50Jan 05, 20171,156.731,191.10Bitcoin USD (BTC-USD) Price History & Historical Data – Yahoo Finance finance.yahoo.com › quote › BTC-USD › history
Read moreWhat was BTC dominance in 2017?
Up to 2017, bitcoin accounted for around 90-95% of all crypto market cap, but that changed suddenly in the early part of 2017 as bitcoin dominance fell from 95% to below 55% by September. By late 2017 bitcoin had reasserted its dominance, shooting back up to 70% of total market capitalisation.
Read moreWhat was Bitcoin dominance in December 2017?
Bitcoin dominance breaks down In just 5 weeks—between December 4, 2017, and January 8, 2018—it dropped from 71% to 35.5% .
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