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Sunday, November 5, 2017

Crypto News: Bitcoin Dominance Index Surpasses 61% for First Time since March

Bitcoin Dominance Index Surpasses 61% for First Time since March

For the first time since March of this year, the bitcoin dominance index has surpassed 61 percent, further solidifying bitcoin’s position as the leading digital currency within the global cryptocurrency market.

From January to September, the dominance index of bitcoin has declined from around 90 percent to 30 percent. But, in the past few months, the dominance index of bitcoin has gradually increased and earlier this week, bitcoin dominance index surpassed the 60 percent mark at last.

The dominance index of bitcoin has surged since September, as an increasing number of investors and traders started to reallocate their holdings in altcoins to bitcoin. More to that, the announcements of two of the world’s largest options exchanges CME and CBOE to launch bitcoin futures exchanges by the end of 2017 have increased the demand for bitcoin from the traditional financial industry.

Full story at

Source: CryptoCoinsNews

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