Bitcoin [BTC] as it so often does, anchored a massive bullish swing for the market. The collective market pumped to levels not seen since the November 2018 bear market shaved over $100 billion in less than a month. Litecoin [LTC], EOS [EOS], Tron [TRX], Monero [XMR], and IOTA [MIOTA] saw notable gains, but Bitcoin was the highest gainer in the top-20.
Reaffirming its position as the king coin, Bitcoin’s massive pump saw its dominance in the market rise. The top cryptocurrency had seen a significant dip in its hold over the market, as it has been slipping since the beginning of the year. In early-January 2019, Bitcoin’s dominance stood at over 54 percent and prior to the immediate pump, was close to dropping below half.