Altcoins Continuous Bleeding: Bitcoin Dominance Hits 2-Year High

Despite yesterday’s price crash, Bitcoin’s dominance increases further, reaching a 28-month high with a BTC dominance index of 66.7%.

Surviving The Crash

CryptoPotato reported that Bitcoin’s price crashed yesterday, causing the whole crypto market to collapse with it. As of yesterday, BTC had lost 23% of its value in five days. But Bitcoin was not among the biggest losers.

Many large- and mid-cap coins have suffered double-digit losses with ETH losing 17.2% and Bitcoin SV more than 22%. Despite the crash, Bitcoin has managed to climb back from $10,200 to nearly $10,800 in 24 hours, netting a 4.7% increase.

Most altcoins are in the green too, but from the top 10 cryptos by market cap only BCH and BSV have managed to rise above BTC’s gains after marking an increase of 7.80% and 7.21%, respectively.

Bitcoin Continues to Wreck Altcoins

While major altcoins have managed to net significant gains to the USD, Bitcoin gretaly outperformed them in the last three months. Read More at CryptoPotato...

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