Despite failing to overcome $40,000, bitcoin continues its recovery. Most alts, including ETH, BNB, UNI, BCH, and XRP, have surged by double-digits.
After reaching a near 3-month low of $1.230 trillion, the crypto market cap has recovered $300 billion as bitcoin stands above $36,000.
The entire cryptocurrency market is bleeding out, losing over $180 billion in the past 24 hours alone. Bitcoin's dominance, however, continues to increase.
Bitcoin Dipped to $33,500 Amid The News From China: Dominance Soars As Altcoins Plunge (Market Watch)
Despite sliding to $33,500, bitcoin's dominance has increased to 45%. This comes amid substantial price drops from ETH, BNB, ADA, and more.
This week saw it all - from Elon Musk bashing Bitcoin to recycled China FUD. All of it had BTC drop to $30K and dragging the entire market with it.
After the crypto roller-coaster, in which double-digit losses came from all directions, bitcoin has cooled off at $40,000 and ETH above $2,700.
Bitcoin's dominance has increased to 44% as BTC bounced off from its $30,000 low. Most altcoins are still deep in red after yesterday's market-wide crash.
The crypto market can't catch a break as another $250B was evaporated from the capitalization. Ethereum is among the biggest losers by dipping below $3K.
Bitcoin continues to fail to make a decisive move above $45,000. In contrast, Polygon has surged by over 30% to a new all-time high well above $2.
The cryptocurrency market cap dipped below $2 trillion for the first time since late April as bitcoin fell to a three-month low at $42,000.