The cryptocurrency market capitalization exceeded $ 300 billion, but the share of bitcoin decreased by 6.5%

The course of bitcoin and other cryptocurrencies continuesgrow and today market capitalization has surpassed the mark of $ 300. However, the increase in volume is largely due to higher prices for altcoins, since since the beginning of the year the PTS dominance indicator has decreased from 68.2% to 61.7%.

Over the past 30 days, the cryptocurrency market capitalizationincreased by 41.7%, from $ 216.7 billion to $ 307.2 billion, and from January 1, the market value increased by 61%. According to analysts, this increase is justified by a number of reasons.

First of all, this is due to the stable growth of the military-technical cooperation exchange rate, which has traditionally pulledother coins and tokens.Against the backdrop of positive dynamics, speculators began to increase altcoin prices in order to increase trading income. This led to a 6.5% reduction in the relative share of Bitcoin, as some coins have increased 2-3 times since the beginning of the year.

At the time of publication, BTC is trading at$10 427 and has gained 1.13% over the past 24 hours. It is possible that the market has already begun to prepare for the May halving, since this topic is actively discussed by many representatives of the crypto industry and analysts. So far, the market situation looks stable and under the control of the bulls.

During the same time, the ether (ETH) rate increased by 9.88%to $272.6, XRP jumped 13% to $0.236, and Litecoin (LTC) rose 5.58% to $83.3. However, not all altcoins showed such strong results, for example, Bitcoin Cash (BCH), Bitcoin SV (BSV) and EOS gained only 0.3%, 1.44% and 0.63%, respectively, over the past day.

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