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News Link • Bitcoin

Bitcoiners Are Freaking Out Over 'The Flippening'

• by Daniel Oberhaus

Since Bitcoin was unleashed on the world in 2009, its dominance of the cryptocurrency market has been unchallenged. But as the price of other cryptocurrencies have surged over the past few weeks, there's speculation that the total dominance of bitcoin may be coming to an end as investors dump their money into other cryptocurrencies—a phenomenon referred to as "the flippening."

Over the past month and a half, cryptocurrencies have experienced an unprecedented explosion in market value, although the two leading cryptocurrencies—bitcoin and Ethereum—enjoyed the bulk of investments. Bitcoin broke $3,000 USD for the first time on Sunday, but all eyes were on Ethereum which peaked at $420 early Monday morning—a 4,000 percent increase in value since January of this year.

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