{"id":380724,"date":"2019-05-03T12:00:37","date_gmt":"2019-05-03T12:00:37","guid":{"rendered":"https:\/\/wncen.com\/?p=380724"},"modified":"2024-06-11T07:40:05","modified_gmt":"2024-06-11T07:40:05","slug":"bitcoin-dominance-soars-above-55-after-meteoric-rise-to-2019-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-dominance-soars-above-55-after-meteoric-rise-to-2019-high\/","title":{"rendered":"Bitcoin Dominance Soars Above 55% After Meteoric Rise to 2019 High"},"content":{"rendered":"

The bitcoin price<\/a> on Friday jumped 7.48 percent to establish a fresh five-month high towards $5,864. The uptrend further pulled altcoins out of their bias conflict scenarios.<\/p>\n

Ethereum, for instance, printed 4.5 percent gains against the dollar in the last 24 hours. Similarly, XRP, EOS, Bitcoin Cash, Litecoin, and others also trended in positive territory after a week of sideways action.<\/p>\n

\"bitcoin\"<\/a>
Bitcoin Price Establishes Fresh 2019 High | Source: CMC<\/figcaption><\/figure>\n

Nevertheless, the top altcoins underperformed against bitcoin. The last 24 hours saw Ethereum dropping 1.85 percent of its value against the king cryptocurrency. Similarly, Ripple’s XRP plunged 3.76 percent, Stellar dived a whopping 5.23 percent, and Cardano and Tron fell close to 3.5 percent each against bitcoin. Only Dash and Binance Coin managed to hold their gains.<\/p>\n

The move helped bitcoin strengthen its dominance in the cryptocurrency market. Against a 33.41 percent control recorded on January 8 last year, the bitcoin market today covered more than 55 percent of the total cryptocurrency market. The statistics showed that more traders were flocking towards bitcoin during interim bullish sessions.<\/p>\n

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$BTC<\/a> pairs in the past hour<\/p>\n

"sir…there were no survivors" pic.twitter.com\/IDLhb8KxnQ<\/a><\/p>\n

— #333kByJuly2025 (@CarpeNoctom) May 3, 2019<\/a><\/p><\/blockquote>\n