Bitcoin's dominance has increased to roughly 47% after reaching a four-day high, while the altcoins continue to struggle.
Dogecoin and Cardano have charted the most significant gains in the past 24 hours, while bitcoin fails to continue higher as it's stuck around $33,000.
The crypto market cap has recovered over $200B in a day as bitcoin bounced off and added more than $5,000 of value.
Despite dipping to a two-week low, bitcoin's dominance has actually increased as the altcoin market is full of double-digit losers.
More Chinese FUD has caused significant price drops in the market as ether plummeted to its lowest price line in a month below $2,000.
Bitcoin seems calm around $35,000 but dangers are still looming in, while the alternative coins continue to gradually lose value.
$100 billion are gone from the cryptocurrency market cap as bitcoin kept declining in value to its lowest price line since last Sunday at below $35K.
In yet another week, Bitcoin's price was unable to conquer the coveted $40K mark. Altcoins had it even worse.
Bitcoin's price headed south again to a low of just over $37,000 as on-chain data suggests that whales have started to sell off some of their holdings.
As most alternative coins are losing value, bitcoin's dominance keeps increasing to above 45% even after BTC's dip to just over $38,000.