The leading cryptocurrency by market cap has led the bullish charge, and already is trading almost $10,000 above its former all-time high The latest developments also highlight Bitcoin’s market dominance. Crypto Market Indecision: Bitcoin Dominance To Close 2020 With A Doji Candle From the cryptocurrency bear market bottom to current prices, altcoins have been left in Bitcoin’s dust. Since the introduction of an additional 10 cryptocurrencies, BTC dominance has been mostly above 50% in terms of market dominance. This is a direct consequence of its growing value, as well as the fact that altcoins are bleeding heavily compared to BTC The allure bitcoin value in 2013 of discovering the next Bitcoin early pushed retail towards alts, and they have done nothing but suffer since. The Bitcoin Dominance Rate is between long-term resistance and support at 71.5% and 58.5% respectively. The Trust Project is an international consortium of news organizations building. bitcoin dominance Its share, relative to the entire cryptocurrency market, has grown to above 68%. For months, Bitcoin stole the show when it came to crypto, sucking the capital out of the altcoin market. Shortly after the top cryptocurrency started its pullback, profits began to flow back into altcoins that have since been soaring over the last month. Researcher’s at LongHash, a company that analyzes crypto data, noticed 4 bitcoin how well altcoins were actually doing History of Bitcoin dominance. The last time it was this high was back in May. The 2019 rally peak left altcoins reeling, causing dominance to top out at around 72%..