There are more and more cryptocurrencies in the world every day yet from January 2019 to January 2020, Bitcoin has gained a lot of market share by market capitalization in the world. In January 2019, Bitcoin was 56.04% versus 69.85% today. A chart is always better than a long text, so here it is:
Autres = Others
But why has Bitcoin strengthened its place when there are more and more alcohols? We must not forget that Bitcoin has experienced a crisis of confidence following the explosion of the 2018 bubble. Many say that it was going to disappear and yet it is not. On the contrary, it is back. With its big shoes, the Bitcoin intends to keep its place as the King of the cryptocurrency market and it shows it! The confidence is back for bitcoin. It overshadows other cryptocurrencies even if they post good results. Simply results that are not particularly noticeable in terms of market capitalization share. Or at least not in percentage of capitalization but rather in volume of capitalization. But I would point out that Ripple has seen a dramatic decline in that statistic. Tether and Binance Coin are also experiencing an increase in their market share.
It will be very interesting to look at these same figures in 2021 to see what the next trends for this statistic will be.