Bitcoin Dominance on the Rise as Altcoins Retreat Ahead of CPI: Market Watch
BTC when published $83,346Now $80,599 ▼ −3.30% since it was published
Although bitcoin’s price has remained relatively sluggish on a 24-hour scale, without any significant moves in either direction, its dominance over the alts has risen to 60% on CMC. The reason for this is that most alts are still in the red, especially the mid-cap ones. BTC Dominance Reaches 60% BTC was rejected at $87,000 on a couple of occasions at the start of the previous business week, and the second was particularly painful as it began a more profound leg down. It culminated on Thursday evening when the asset slumped to $80,400 to mark a multi-week low. After losing nearly $7,000 in about 72 hours, the cryptocurrency finally rebounded and tapped $83,000 during the weekend.
First reported by CryptoPotato. This page is a short excerpt; the full text is theirs.
