Bitcoin Price Watch: Currency’s Market Dominance Grows Stronger

Another source agrees with this sentiment and claims that bitcoin is attempting to fly further up the financial ladder. The currency has managed to increase its total market cap to approximately $108 billion, while its daily trading volume is just shy of $4 billion.

Perhaps the biggest move by bitcoin comes in the form of its current market dominance. Previously, we had mentioned that this percentage stood at nearly 50 percent, and that bitcoin was close to controlling half of the digital currency arena. That figure has since grown to an even 50 percent, which means that bitcoin is now the head honcho, and is the leading figure in the digital currency arena.