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Saturday, March 18, 2017

Bitcoin Share of Crypto Market At Record Low After 17% Dip In 2017

Bitcoin Share of Crypto Market At Record Low After 17% Dip In 2017

Bitcoin has sunk to a record low in terms of its share of the cryptocurrencies market, sitting at just 70.5 percent as of March 17. It happens amid a booming altcoin scene.

The exponential rise in altcoin trading activity in the first three months of 2017 has seen Bitcoin’s share of the cryptocurrency market nosedive. At the start of the year, the figure stood at 87 percent.

While Bitcoin also enjoyed new levels of success, its price remaining about $1000 for several months, continued infighting and increasingly harsh rhetoric regarding the future of its network is feared by many to be leading to stagnation.

Transaction waiting times and fees have both risen dramatically, as solution trends come and go without gaining wide-reaching consensus.

Full story at http://bit.ly/2nCkjEC

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