Bitcoin claimed 46.5% of the cryptocurrency market for the first time since December last week, according to CoinMarketCap, emphasising its position as a "gateway cryptocurrency". ’s share in the total market cap for cryptocurrency. Although the crypto hit a two-month high, its dominance is being seen as inadequate because numerous coins appear every day. The price of bitcoin, which has been trading at around $11,000 in recent months, fell below $10,000 on Monday after falling by more than 10% over the past two weeks.
Bitcoin claimed 46.5% of the cryptocurrency market for the first time since December last week, according to CoinMarketCap, emphasising its position as a "gateway cryptocurrency". Although the crypto hit a two-month high, its dominance is being seen as inadequate because numerous coins appear every day. The price of bitcoin, which has been trading at around $11,000 in recent months, fell below $10,000 on Monday after falling by more than 10% over the past two weeks.