For the first time since December 2018, the share of Bitcoin in the digital money market has dropped below 51%. According to Coinmarketcap , now this figure is estimated at 50.9%. Coindesk analysts believe that this is due to an increase in investor interest in altcoins, writes RBC Krypto.
Over the past 90 days, Enjin (+ 406%), Binance Coin (+ 181%) and Litecoin (+ 97%) cryptocurrency showed a significant increase in price. As a result of the rise in price of digital money, the market capitalization of all cryptocurrencies, with the exception of Bitcoin, grew by 33% in almost two months. On February 6, the altcoin capitalization was estimated at $ 51 billion, now this figure reaches $ 69 billion.
Until 2017, the share of Bitcoin in the market exceeded 70%, then the first cryptocurrency began to gradually lose power as new altcoins were created. It reached a minimum of 32% in January 2018.
For several days, the main digital coin has managed to keep the $ 4,000 price position. Over the past day Bitcoin has risen by 0.27% and now its value is estimated at $ 4041. If the rate of the first cryptocurrency continues to grow, then it is likely that its market share will increase.