Bitcoin Expecting Huge Move After Struggling At $34K While Altcoins Enjoy Decreasing BTC Dominance (Market Watch)
Bitcoin's continuous decline in value has helped the altcoins to reduce its dominance over the market to below 65%.
Bitcoin's continuous decline in value has helped the altcoins to reduce its dominance over the market to below 65%.
Bitcoin failed to breach $38,000 and has declined in turn. Most of the large-cap altcoins followed, resulting in a cumulative drop of about $50 billion in terms of total market capitalization.
ETH exploding to a 3-year record of just shy $1,400 and other increasing altcoins have reduced BTC's dominance to 65.5% as bitcoin stalls around $37k.
The crypto market cap reaches $1 trillion again as BTC recovered from its weekend slump, while BNB and LINK paint new records.
Bitcoin's dominance drops to 66% as the asset dumped beneath $34,500 for the second time in 3 days. Simultaneously, Polkadot recorded another ATH above $19.
Polkadot and Chainlink have stolen the crypto show with new all-time highs above $15 and $22.5, respectively. BTC dipped to $34.5K but quickly recovered.
This was one of the most intense weeks. Bitcoin went on a rollercoaster, marking its first major correction of about 27% since the beginning of the current bull run.
This week has been particularly volatile. Bitcoin went on a massive correction, jumped back to $40K, and dropped again just a few hours ago. The majority of the altcoins followed. Polkadot (DOT), however, went on an impressive rally as can
While BTC remains below $39,000, Polkadot has stolen the show with a massive double-digit surge and a new all-time high of nearly $15.
Bitcoin nearing $39,000, Polkadot reaching a new ATH of over $11 and more impressive gains for most alts have driven the market cap above $1 trillion.