Over the past few months, the entire cryptocurrency market experienced a large cash injection of over $200 billion, putting it in a solid bull run that’s ongoing.
Less spoken about, but perhaps more interesting, is the fact that Bitcoin itself has risen to a level of dominance that hasn’t been seen since early December 2017, sitting comfortably at 61.7%.
The chart above, provided by CoinMarketCap, shows just how Bitcoin’s reign was beginning to be pushed aside by other entrants into the cryptocurrency space, only to experience a resurgence that solidifies its throne in the vast crypto empire.
But what could be causing this?
A quick look at adoption
Although there’s always talk of market manipulation when it comes to financial ecosystems as unsupervised as Bitcoin’s, one cannot discount the fact that there have always been waxing and waning trends in i...