Against the backdrop of a protracted recession, the bitcoin share in the crypto-currency market is gradually increasing. According to CoinMarketCap, at present, the bitcoin dominance index is 56.3%, which is the highest value in the current year:
In other words, now bitcoin is many times more popular than younger, but volatile and somewhat less liquid coins. In particular, the capitalization of BTC ($ 108.9 billion) is 5.6 times the total market value of Ethereum ($ 19.4 billion) and more than 10 times – Bitcoin Cash ($ 8 billion).
The chart above also indicates that the share of low liquid altcoins, which are mainly outside the top twenty of CoinMarketCap, is 18.86%. From all this it follows that as the business activity in the market recedes, the crypto investors prefer to remain cautious, preferring “digital gold” and somewhat less often – highly liquid altcoins, often leaving behind less capitulated assets.
Also note that the top ten CoinMarketCap tightly mired in the “red zone”:
It is noteworthy that, against the backdrop of a protracted “bear market”, Tether (USDT) capitalization is growing, and this stable coin is relatively high.
Recall, a month ago, the total market capitalization of the crypto currencies fell to November values. There has been no significant revival since, and now the total value of the crypto currency on the market is $ 193.6 billion.