The total capitalization of the crypto market is now over $1.9 trillion, and bitcoin’s dominance is hovering just above 55%. That’s the lowest level in two years, Tromexbit reports.
After two rough days on April 8, the greenback returned to the crypto market and most major cryptocurrencies made up for yesterday’s losses.
One of the growth leaders was Binance Coin, which continues to trade around $420. Since the beginning of the year, the price of BNB has increased 10 times. However, the first place on the podium in terms of climbing in a day belongs to Enjin Coin, which added more than 60% and reached the price of $ 3.4.
The reason for bitcoin’s decline in dominance is due to the good performance of altcoins, whose total capitalization now exceeds $877 billion. This is the highest level, almost twice as high as in January 2018 at the peak of the ICO bubble.