The day has seen altcoins begin to push higher after stalling for a couple of days. Since prices crashed after a failed break above at the end of the weekend, the market has been subdued. Today, however, altcoin bulls have resurfaced. This sees a number of altcoins soar.
Among the best performing is Cardano which has surged by more than 5% at the time of reporting. The altcoins’ performance, however, seems to have come at the expense of Bitcoin.
The number one digital asset, which is hampered at the $8,600 position, seems to be caving into bearish pressure. This has particularly been evident through its falling dominance percentage.
Bitcoin has in 2020 been outperformed by a number of top altcoins. This could well mean the return of the altseason that was heavily awaited for the better half of 2019. Last week as altcoins were surging by double digits, Bitcoin was lagging behind. Read More...