Joe Biden's official victory has driven the crypto market south. Despite a nice recovery, Bitcoin tanked below $15,000, while the altcoins have been buried in red.
The alternative coins have awakened and marked some remarkable double-digit price increases. Bitcoin has remained around $15,500 and has lost some of its dominance.
Bitcoin has had a remarkable week so far, having increased by more than 14.5%. Is the former ATH of $20,000 next?
Bitcoin Bitcoin saw an extraordinary 15.3% price surge this week which allowed the cryptocurrency to scratch the $16,000 level today. It has since dropped slightly to $15,500 but is still very much bullish. BTC started the week at $13,200. From
Although the cryptocurrency market has enjoyed the past week with impressive gains, some coins have failed to keep up. Notable names include Huobi Token, Binance Coin, and Bitcoin Cash.
Bitcoin's dominance spiked to its highest level since June 2020, as its price sees another record north of $14,500.
Bitcoin's sharp leg up took it above $14,000 for the second time in less than a week. Altcoins are charting green as the total market cap nears $400 billion again. Meanwhile, Donald Trump has become the betting favorite to win
The crypto market cap has lost over $10 billion in a day as Bitcoin dipped to $13,500 and most altcoins are covered in red.
Bitcoin seems particularly volatile in the wake of the US Presidential Elections. The cryptocurrency lost $300 in a few minutes while the entire market appears to be taking a beating.
Despite retracing after marking a fresh 1000-day high of above $14K, Bitcoin's dominance has continued to increase. Altcoins continue to bleed against the primary cryptocurrency.