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

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide