Bitcoin’s Market Share Falls Below 50%

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For the first time ever, bitcoin no longer holds more than half the value of all digital currencies as its market share has been dropping like a rock for the past two months, down from around 80% to now less than 50%.

Bitcoin’s dominance in the total crypto market cap falls below 50%. Chart via CoinMarketCap.

The only time bitcoin has found itself in such a situation is after the MT Gox disaster which led to the loss of some $1 billion and a depressed mood that went on for around two years until the market turned around in 2016 and began a bull run.

That bull run was sparked and then accelerated by monetary mismanagement across the world, spanning China, India, Venezuela, Nigeria and many other countries which was in part caused due to a sharp fall in oil prices, leading to

Read more ... source: CryptoCoinsNews

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