Crypto Trader: No Green Means No Bitcoin (BTC) Price Bottom via NVT (Network Value to Transactions)
The leading cryptocurrency Bitcoin is currently trading at $3,627 with 24-hours gains of 0.05 percent at the time of writing, according to the data provided by Coinmarketcap. With a market cap of $63 billion, Bitcoin has been managing the daily trading volume of nearly $6.5 billion.
Bitcoin 1-month price chart, Source: Coinmarketcap
When it comes to BTC dominance, in the past one year as the bear market progresses broadly among the cryptocurrencies, it has strengthened over this period. In February, last year, Bitcoin dominance slid down to 34 percent and again in May hit 36 percent after going to 45 percent in March.
Currently, BTC dominance is at 52.6 percent while Ethereum has been staying around 10 percent since August 2018.
Percentage of Total market capitalization, Source: Coinmarketcap