On Thursday, Bitcoin's share of the crypto market stood at 45.66% of the total market, its highest since the start of the year, according to CoinMarketCap data. Meanwhile, the total market capitalization of digital currencies stood at US$274 billion. This is far less than its all-time high of US$500 billion.
At the end of 2017, bitcoin completely captured the market when its price reached $20,000. As its price fell in early 2018 and the price of less popular coins increased relatively, bitcoin's market share fell below 33% in January.
Given the uncertainty over regulation and the future of ISO, it appears that investors are returning to bitcoin again. Joe Dee Pascal, founder of cryptocurrency fund BitBull Capital, says this has been the case in the past.
“When a cryptocurrency falls in value, investors return to bitcoin, which has the largest market capitalization, because it is considered the safest coin. Bitcoin has the most recognition, the most use, and of course it was the first,” notes Di Pascal.
However, the price of the coin has decreased over the past 24 hours by more than 5% according to Markets Insider data and amounted to $7,239.
According to http://uk.businessinsider.com
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