Bitcoin dominates cryptocurrency markets by a huge margin. The popularity of cryptocurrency trading & speculation is directly linked with the widely popular image of bitcoin. Despite being termed as a “bubble”, bitcoin price is continuously on the upward trend. Steadily going mainstream, bitcoin has massively helped to promote the blockchain technology in general.
The market capital of all cryptocurrencies is also going upward, thanks to the massive 54% share of bitcoin. As the price of bitcoin continues to climb, this percentage also creeps steadily up. Just after crossing the record price of $10,000, bitcoin has surged to a steady price above $16,000. Next milestone of $20,000 price looks very close.The market capital of bitcoin at the time of the post was more than $277 billion, where as over all market cap of all cryptocurrencies stand at a massive $511 billion.
Note: Latest figures on cryptocurrency market capital can be found on CoinMarketCap.