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Bitcoin Dominance Surges to 70 Percent as Peter Brandt Berates "Altcoin Junkies"

  • Alex Dovbnya
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    Bitcoin continues to annihilate top altcoins with its price surpassing the $10,400 mark

Bitcoin Dominance Surges to 70 Percent as Peter Brandt Berates "Altcoin Junkies"

According to CoinMarketCap data, Bitcoin’s dominance has finally surged above 70 percent, its highest point in 2019. Considering that Bakkt is expected to roll out its physically-settled Bitcoin futures in September, crypto trader Josh Rager predicts that BTC’s market share will not drop anytime soon.

    Over the last 24 hours, the BTC price has skyrocketed by more than six percent, as predicted by trading expert Luke Martin. However, the lion’s share of altcoins failed to follow suit.

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For instance, XRP has only increased by a modest two percent on the heels of accusations that Ripple Labs might be suppressing its price growth.  

In the meantime, trading veteran Peter Brandt has reminded his followers that he’s a staunch Bitcoin maximalist. He believes that the cryptocurrency that started it all is the only coin with real and lasting value.

As reported by U.Today, Brandt assumed that Bitcoin could have already entered its fourth parabolic phase.

Cover image via www.freepik.com
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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