News Bitcoin - Speculation Decreases Bitcoin’s Dominance in Cryptocurrency Markets
“Long-term I am not seeing the currency dying out or anything of that sort as long as there is demand, and as long as China has capital curbs which keep you from taking out money currencies like bitcoin”, opines Bloomberg reporter Robin Ganguly on Monday. “[If] there’s more widespread use in the US, then [Bitcoin] will probably be [here] for a long, long, long time”.
Google Trends suggests that Bitcoin’s popularity still far outpaces other cryptocurrencies. As seen above, more Google users query bitcoin than the next cryptocurrency by a considerable margin.
Despite the decline in its overall percentage of the total cryptocurrency market, bitcoin remains within its historical average of 80-90%. Its nadir, according to Coinmarketcap, took place approximately one year ago when bitcoin fell to below 75% of all cryptocurrency markets combined.
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Topic: [2017-03-0513] Speculation Decreases Bitcoin’s Dominance in Cryptocurrency... (Read 254 times)
March 14, 2017, 01:04:01 AM
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