Bitcoin Dominance Climbs Almost 20% in a Month, Price Hits USD 13,000
Bitcoin dominance surpassed 65% today, or the level last seen in April 2017, as the price of the most popular cryptocurrency hit USD 13,000 for the third time this year.
At pixel time (06:17 UTC), bitcoin trades at c. USD 12,993 and is up by 2% in the past 24 hours, by 14% in the past week and by 70% in the past month. It also almost doubled in value, compared to July 10 of 2018. Earlier today, the average price of bitcoin reached USD 13,065.
Meanwhile, bitcoin dominance, or the percentage of the total market capitalization, is 10 percentage points, or 18%, higher than a month ago.
Bitcoin dominance chart:
The total market capitalization increased by 1% in the past 24 hours and stands at USD 356 billion, as majority of altcoins from the top 100 coins are in red today.
Other coins from the top 10 by market capitalization are down up to 5% today. While smaller capitalization coins, such as egretia and ren jumped by more than 33%.
Money flow into bitcoin in the past 24 hours (in USD):
Tether: 4.16 billion
USD: 1.16 billion
EUR: 191 million
JPY: 231 million
CNY: 234 million
KRW: 64 million
GBP: 72 million
Source: Coinlib, (06:20 UTC)