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Bitcoin Adds Market Share as Crypto Winter Turns Glorious Summer

May 14, 2019, 7:22 PM

Bitcoin is proving to be the one true thing for digital-asset enthusiasts during the sudden resurgence in cryptocurrency prices.

As the value of the original crypto coin surged more than 30% to beyond $8,000 since May 10, Bitcoin’s market share as a percentage of the entire crypto universal increased to about 60% from 53% percent on Jan. 1, according to data provider CoinMarketCap.com.

“Bitcoin’s recent dominance amidst bullish conditions is quite interesting since in traditional asset classes we typically see a flight-to-quality amidst bearish conditions,” Josh Gnaizda, chief executive officer of Crypto Fund Research in San Francisco, said in ...

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