CoinMarketCap’s bitcoin dominance rate – an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency – reached 50 percent for the first time since December 19th, 2017.

On Dec. 19th, the average price of BTC was $17,605.81 across exchanges – an 65 percent higher price than the cryptocurrency’s value today, according to the CoinDesk Bitcoin Price Index.

Current trading price of «digital gold» is $6158, Bitcoin capitalization is $105,9 billion which is about $901 million more than the market capitalization of every other cryptocurrency combined. Total market capitalization right now is $210,35 billion.

Bitcoin’s dominance rate has been on a steady incline over the past few months, currently representing a 14 percent increase from May 1st.

In the same time period the market dominance of all other cryptocurrencies have largely been on the decline.

It should be reminded that Omkar Godbole, CoinDesk analyst, believes that bears will push Bitcoin price lower $6000.