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.
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.