The crypto community is currently abuzz with speculations as market suffers a sharp bearish downpour. Bitcoin had achieved a high of $13,100 at the early hours of yesterday before scaling down to around $11,458 as at the time of this writing. However, one conspicuous development to be noted has a lot to do with Bitcoin rising market dominance.
Dominance At 65%
At the moment, Bitcoin sits firmly at around 65.2% in total market dominance, having had a good boost in trading volumes of over $30 billion.
The total market cap for the top coin is now at $205 billion following the market-wide correction.