BTC observed good progress. Once again BTC managed to surpass $30,000. Currently BTC is trading around $30,200. This is the third time in last couple of days when BTC surpassed $30,000 worth. In last 7 days BTC has observed 12.2% gain.
Remarkable gain helped BTC to increase its dominance
Currently BTC has a market share of 51.4% of overall market cap. Next coin closed to BTC is ETH which has a market share of 17.2%. Top two coins have overall market share of 68.6% of the overall market cap. This reveals the high influence of top 2 coins on alt coins.
Second placed coin ETH observed 5.0% rise in last 7 days. It is good to see that alt coins grow with increase in BTC and ETH worth. Majority of coins observed 10% rise in last 7 days. This is actually a positive sign for crypto investors. It will help to build user trust over market.
Our Blockchain coin Hive also observed 8.4% rise in last 7 days. Currently Hive is trading around $0.317. At current price it is still undervalued coins. Coins have huge potential.
Overall stability in market will provide a launch pad for bullish run. What is your opinion my friends? Do you predict about the crypto bullish run?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.