Bitcoin is again at 50% market dominance, indicating that the cryptocurrency now accounts for half of the total crypto market cap, valued at $1.052 Trillion. According to data from Tradingview, Bitcoin’s total market dominance crossed above 50% yesterday, June 19, for the first time in months. The news of Bitcoin’s renewed dominance has driven much excitement across the crypto community, with many speculating on the reason for such market growth. However, one possible reason is the news of prominent global asset manager BlackRock filing for a Bitcoin Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This move appeared to have boosted investors’ confidence upon announcement, causing BTC’s price to surge above $28,000 since last month. According to data from CoinMarketCap, BTC is currently trading around $27,432.93, with a 3.13% gain in the last day. The token’s daily trading volume is also up by 83.39%, valued at $17 billion. Meanwhile, Bitcoin currently boasts a staggering market cap of $531.54 billion, covering over 50% of the entire crypto market. Bitcoin Market Dominance At 50.63% | Source: Tradingview.com Related Reading: Cardano Poised For Co ..
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