Bitcoin’s market capitalization dropped to 42.6% accounting for a new low in Cryptocurrency total market share

by Ashish

The share of Bitcoin’s market value in the total market value of cryptocurrencies has reached a new low and has fallen to 42.6%.

As of press time, data on the Coingecko website shows that the price of Bitcoin has exceeded $59,000, with a market value of approximately $1.11 trillion, while the total market value of cryptocurrencies is approximately $2.6 trillion, and the market value of Bitcoin accounts for 42.6 in the total market value of cryptocurrencies.

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In addition, data from the website also shows that as of press time, the price of Ether has broken through the $4,000 mark and continues to set a new record high. The market value is approximately 468.832 billion U.S. dollars, accounting for 18% of the total market value of cryptocurrencies.

Since the beginning of this year, the price of cryptocurrency has risen by more than 440%. The price of Dogecoin backed by Tesla CEO Elon Musk fell to $0.53, a 15.8% drop in the day.

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