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Tag Archives: Dominance

Innosilicon’s Impending ASIC Miner Could Challenge Bitmain’s Dominance

As controversies surrounding Bitmain’s looming IPO spell uncertainty for the future well-being of the mining goliath, competitors are fast to move in on the manufacturer’s territory. One of these competitors, Innosilicon, now claims to have a new ASIC miner for bitcoin in the works that will outperform any current hardware in speed, profitability and efficiency. Speaking to Bitcoin Magazine, an ...

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Bitcoin Dominance Eyes 60% as Ethereum Price Flounders

The recent fallout in altcoin prices, particularly ethereum, has boosted bitcoin’s dominance of the crypto market, now commanding nearly 60% of market share. As of today, bitcoin holds 56.72% of the market compared to ethereum’s 12.62%, according to CoinMarketCap. The orange line presents bitcoin’s crypto market share while the dark blue line shows Ethereum’s. Source: coinmarketcap.com Bitcoin’s price woes of the ...

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Altcoins Keep Dropping While Bitcoin Breaks Another Record of Market Dominance in 2018

Tuesday, September 11: crypto markets have seen another decline today, with most of the top 20 coins by market cap in the red, according to data from CoinMarketCap. The majority of altcoins are recording losses, reaching around 5-6 percent among those top 20 currencies. Market visualization from Coin360 Bitcoin (BTC) is slightly down today and currently trading at $6,238, which ...

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Bitcoin Dominance Hits 55% as Crypto Market Struggles to Recover

Subsequent to recording the steepest daily drop in valuation in recent years, the crypto market has struggled to rebound in a convincing manner, pushing the dominance index of Bitcoin further up. Throughout the past 24 hours, the dominance index of Bitcoin achieved 55 percent, its highest point since December of last year. As tokens lost out largely against Bitcoin, the ...

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Crypto Markets Sluggish on Saturday as Bitcoin Increases Dominance

Markets are meek today; Monero, Lisk, and Nano inch up, Bitcoin Diamond dumping. As we enter the weekend in crypto land markets have remained relatively stable and have even made a little upwards progress. Total capitalization has crept back over $215 billion but no real motions have been seen to spur a measureable recovery. Bitcoin has recovered all losses since ...

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Bitcoin Market Dominance: From 66% to 33% and Up Again

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Some would say the cryptocurrency market is beginning to bounce back; after a seven month bear market, Bitcoin breached the $8,000 mark on July 24 — the first time it has passed $8,000 since ...

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Bitcoin Price Watch: Currency’s Market Dominance Grows Stronger

At press time, the most well-known and largest cryptocurrency is still trading in the $6,300 range. This is exactly where it stood yesterday and the day before, suggesting that bitcoin has found some sort of “comfort” where it is and is refusing to move up or down. According to one source, the currency did experience a small breakout during the ...

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