Investors Fleeing Altcoins as Bitcoin Dominance Rate Hits 50% for First Time in 2018

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According to data from CoinMarketVap, Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization.

Specifically, CoinMarketCap’s bitcoin dominance rate (which is an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency) reached 50 percent for the first time since December 19th, 2017.

To calculate exactly: at the time of writing, bitcoin’s total market capitalization now stands a $105,785,552,545, which is about $901 million more than the market capitalization of every other cryptocurrency combined.

Bitcoin’s overall dominance rate has been on a steady rise over the past few months, currently representing a 14 percentage point increase from May 1st. In the same time period, the market dominance of all other

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