Having said that, bitcoin is certainly not where you would have made most money if you had bought cryptocurrencies at the start of January. Bitcoin dominanceThese four altcoins are the largest cryptocurrencies on the market after bitcoin, representing an aggregate $51 billion market capitalization (the value of each coin multiplied by the number of coins on the market). Those who didn’t get out of cryptocurrencies altogether probably felt the need to consolidate around an asset they trusted. The rise of the altcoins is also possibly being fuelled in part by an increasing number of coins entering the market. Coinbase is making a play for institutional investors by expanding its ability to store digital coins on their behalf outside the US.

Source: Dhaka Tribune February 24, 2020 16:41 UTC