Bitcoin accounted for the total market capitalization of the cryptocurrency market. After reaching the high point of the beginning of the year, it has been in a free fall since mid-September until the second half of the month.

Bitcoin’s contribution to the market value of the entire cryptocurrency has dropped slightly above 50%, down from nearly 60% earlier this month (Citicoins data), and other major cryptocurrencies have been boosted by ripple coin, BCH and 

In August of this year, Bitcoin dominated this year and reached 50% for the first time. After starting in 2018, it reached 37%, because many of the so-called altcoins that soared in 2017 fell sharply.

The current market value of Bitcoin is $117 billion, down from $127 billion at the beginning of the month. At the same time, other major cryptocurrencies have made significant progress, as a wave of positive positives revived the sentiment of traders and investors.

Although bitcoin prices have risen nearly 5% to $6,700 in the past 24 hours, they are still not enough to fill the decline in bitcoin in early September, when bitcoin prices climbed above $7,250.

The recent surge in bitcoin prices was triggered by a Bloomberg report that hinted at an important “positive price change” that is based on an analysis of the RIG trend line, a leading technology. The indicator is a combination of RSI and momentum research.

However, most of the excitement of institutional funding into bitcoin currency and cryptocurrencies this summer has faded in September.

The US Securities and Exchange Commission, which was further postponed earlier this month, decided to approve the approval of the crypto fund (ETF) proposal for closely watched bitcoin exchanges, while US investment banking giant Goldman Sachs seems to be withdrawing from its customers. A plan to provide bitcoin products.

Many still hope that the US Securities and Exchange Commission will eventually approve the Bitcoin ETF and look forward to launching a bitcoin and cryptocurrency trading platform called Bakkt in November. This was created by the New York Stock Exchange owner ICE and the coffee chain Starbucks, software giant Microsoft and the Boston Consulting Group.

In other respects, with the details of the new product release, some banks directly use XRP to remit overseas payments, and the ripple price soared, resulting in an increase of more than 100%.

In September, Ruibo’s cryptocurrency market share jumped from 5% to 10%.

Earlier this week, Ripple briefly surpassed Ethereum and became the world’s second-largest cryptocurrency. This is the second time this month to become the second-largest market capitalization, and then fall back. Both Ruibo and Ethereum are vying for the second place, with a market capitalization of about $22 billion.

Although Ripple’s recent surge has meant that it has succeeded in surpassing Ethereum, both Ripple and Ethereum have fallen sharply from their peaks at the beginning of the year. The percentage of the market value of the Ethereum cryptocurrency, after reaching a peak of 21%, has been falling throughout 2018 and is now about 10%.

Bitmain’s initial public offering (IPO) proposal was finally proposed in Hong Kong this week. Bitcoin cash rose sharply, and SFOX announced its listing of Litecoin trading yesterday after becoming a major currency broker for large-volume dealers and institutional investors. The currency rose.

This week, the BCH market value as a percentage of the total market value of cryptocurrency climbed from 3% to 4%.

However, the decline in the total share of Bitcoin in the market value of cryptocurrencies may be short-lived. There have been several reports in recent months that influential investors have said that bitcoin prices have bottomed out and are expected to see the end of last year. The price peaked — Bitcoin reached a high of nearly $20,000 per token.