By CCN: As the bitcoin price bounded to a new 2019 high on Friday, a key market metric quietly surged to its highest level since December 2017 when the bitcoin price peaked at an all-time high just under $20,000. Bitcoin Market Share Explodes to 17-Month High That metric, “Bitcoin Dominance,” measures what percentage of the overall cryptocurrency market cap belongs to bitcoin. According to CoinMarketCap, Bitcoin Dominance jumped to 58.4% on Friday as the flagship cryptocurrency smashed through resistance to set a new six-month high at $6,425 on Bitstamp. Bitcoin currently boasts a $113.4 billion market cap, compared to a combined $80.8 billion split

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