Bitcoin dominance inches closer to 50 % as BTC Revisits $40K

Bitcoin’s market share has spiked to 49.15 percent, its highest level since May 3, according to TradingView data.

However, it is still down nearly 33 percent from its Jan. 3 peak of 73.68 percent.

The flagship cryptocurrency has been leading the recent recovery, far outperforming top altcoins.

Earlier today, Bitcoin once again revisited the $40,000 level after it got hit by Amazon dispelling rumors about its immediate plans to accept cryptocurrencies.

Find out more