—Read Here— “Bitcoin (BTC) adoption continues to grow,” wrote desk reporter, Damanick Dantes, “even as the largest cryptocurrency loses market share to several altcoins, according to a report Tuesday by crypto research firm Coin Metrics.”
Bitcoin adoption growing despite thousands jumping ship following Tesla’s announcement to halt Bitcoin payments shows that these panic sellers are no more logical than the people panic buying gasoline.
Dantes also mentions that Bitcoin market share dominance is at the “lowest level since April 2018.” This spells great things for the cryptocurrency market because the lower the BTC dominance is the healthy the competition in the market. This means that altcoins are becoming more and more legitimate.
Myriad Media 