Bitcoin has been outperforming other digital currencies lately, increasing its share of the broader market as prices climb.
The world’s largest cryptocurrency by market capitalization (market cap) reached $5,641.36 today on CoinMarketCap, its highest since November.
The digital asset later pulled back, trading at $5,473.03 by 13:34 UTC, additional CoinMarketCap data shows.
At this point, bitcoin was up 4.4% for the week, while several altcoins (cryptocurrencies other than bitcoin) were in the red.
[Ed note: Investing in crypto coins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Several market observers offered explanations as to why bitcoin has been outpacing other digital currencies.
Read more at Forbes.
