Markets and Prices This day might be remembered in the history books as a major milestone for cryptocurrency diversification or as another colossal indicator of the altcoin bubble. There are now three cryptocurrencies with over a $100 billion market cap each. Bitcoin, ethereum (ETH) and ripple (XRP) are worth today a combined total of about half a trillion USD. Also
Altcoins First came ethereum, which threatened to unseat bitcoin as the dominant cryptocurrency in an event dubbed The Flippening. Then came bitcoin cash, which lay a glove on bitcoin core in The Cashening. Now, a revitalized ripple (XRP) is eyeing bitcoin’s top spot. Could the centralized cryptocurrency usurp bitcoin’s market cap, heralding The Rippening? Also read: Is the Centralized Ripple Database
Markets and Prices Despite being one of the most amazing periods of sustained gains for bitcoin, 2017 ends with the first cryptocurrency losing market share to altcoins. After falling as low as 37.9% in the last two days of 2017, the market dominance of bitcoin now stands at just 38.2% as of this writing on the first day of 2018.
After a few days of consolidation, the price of bitcoin has started to move upwards after dropping to a low of $2290 USD per BTC earlier this week. On July 2-3 bitcoin’s value rose above the $2500 range and recently tested a high of $2595 on Bitstamp, this morning at 10 am EDT time. Also Read: Scheduled Scaling Updates for the