Altcoins without strength, increase the dominance of Bitcoin – Market Summary

Charlie Taylor

Since yesterday, bitcoin has been slowly surpassing the bottom of 30,000 reached on Tuesday (22). Its dominance has increased by half a point after hitting the four-day high, while altcoins remain stagnant. Only Dogecoin achieved positive points in 24 hours. While bitcoin did not continue to rise after its intraday high of $35,500, the cryptocurrency market cap continued to rise just above $600bn.

bitcoin dominance

Even reaching $30,000 in the middle of the week, in the days that followed, the asset recovered most of the losses and reached $35,000, returning today to $33,854. Altcoins did not have the strength to diminish their market dominance. The metric that compares BTC's market capitalization with all other cryptocurrencies is up to 45.6%. And bitcoin's market cap is at $633.09 billion, according to CoinGoLive data. Altcoins without strength, dawn in red. Except DOGE. This makes bitcoin gain more dominance in the market. Source: CoinGoLive.com

Altcoins without strength

Most alternative currencies remained stagnant on a 24-hour scale. Although Ethereum has bounced back from its most violent stages of the crash, it still hasn't made a decisive break of $2,000. As a result, ETH is trading at $1,879. Binance Coin (BNB) has fallen 3.74% in the past 24 hours, reaching past $310 yesterday, but back to $290 now. Cardano (0.9%), Polkadot (-2.8), Bitcoin Cash (-3.6%) and Chainlink (-2.9%) are slightly in the red since yesterday. DOGE gained the most traction, hitting 25 cents today, up 5% in 24 hours. In order to follow yesterday's news, after boosting 253% in 200 days, GHOST, a project created by John McAfee, completes a corrective move of -40.6% in 24 hours. The cumulative market capitalization of all cryptocurrencies approached $1.4 trillion this Thursday (25).
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