Bitcoin broke $3,500 just hours ago as the overall cryptocurrency market capitalization nears $127 billion — it looks like Bitcoin could keep going considering it still makes up 46% of the overall market cap.

Bitcoin’s 24 hour trading volume is nearly 40% of the overall cryptocurrency market trading volume, despite hundreds of coins joining the ecosystem in the past months. Bitcoin dominance is an indicator examine when determining the health of the market because, let’s be honest, it’s the most commercialize and well-known cryptocurrency which also seeded the entire $127B market.

Below is a 30-day look at the overall cryptpocurrency market cap which has been on a very steady incline. The cool part about cryptocurrency ecosystems that utilize tokens is that there is typically an entire team behind the project, working in tandem to bring it to life and into our daily lives. Cryptocurrency investing is becoming an:

A. you believe in it and are putting as much fiat as you can into it

B. you’ve heard about Bitcoin for years now and still think it’s a giant Ponzi scheme.

Bitcoin has over a $53 BILLION market cap — this isn’t just a big Ponzi scheme. I admit, the politics can get pretty dirty considering the PoW mining functionality and the fact that miners truly control the network, choosing to split it with Bitcoin Cash earlier this month. Now we’re hearing Bitcoin will likely split again. Chris Coney from The Cryptoverse dives into the second Bitcoin split:

Bitcoin cash has a price of $330 and market cap of $5.4 billion — will Bitcoin splitting again hurt it’s growth upward? Or will it create synergies with the core Bitcoin network and Bitcoin Cash together? Crazy times we’re experiencing as cryptocurrency truly goes mainstream.

Wouldn’t want to be anywhere else but here bringing YOU news from the cryptocurrency markets! Please give me a follow or share as I work to continue growing the community we are all a part of. Until next time!