Since the beginning of this current bullish trend, BTC has not seen any draw back as it continued to dominate the entire market.
BTC is estimated to have up to 67.73% market dominance.
On this post, I'll statistically analysis dominance and strength in the the crypto market.
BTC is currently sold at $31,163.92 with 🔻2.59% in 24 hours.
The total market cap is $851,070,647,853 and total volume of trade in 24 hours is $164,354,279,586.
It's estimated that BTC has $78,846,679,227.99
traded volume in 24 hours.
Bitcoin Market Cap: $578,748,576,599.31
Fully Diluted Market Cap: $653,734,227,227.39
Circulating Supply: 18,591,225
BTC Total Supply: 18,591,225
BTC Maximum Supply: 21,000,000
Using the data above, the below pie chart is constructed.
Key:
BTC:- Red
Market Cap:- Blue
Chart 1: Total Market Cap Vs BTC trade volume in 24 hours
Chart 2: Total Market Cap Vs Fully Diluted Market Cap
Chart 3: Total Market Cap trade volume Vs BTC Total trade volume in 24hr
With these data above, BTC with dominance of up to 67.73% has proven to be the number 1 in ranking and most trades are done with BTC.
Therefore, BTC holds the strength of all cryptos.
Thanks for reading.
Feel free to drop you comment(s) below.
Happy new year!
All data use can be found at coinmarketcap.com
