Bitcoin’s dominance in the cryptocurrency market has been on the rise as altcoins like Binance Coin (BNB), NEAR, FIL, and FET experience price drops. Despite a minor increase towards $70,000, Bitcoin’s price has returned to familiar levels. Last week, Bitcoin saw positive ETF inflows for 19 consecutive days, resulting in increased volatility and gains for the cryptocurrency. However, a bearish trend caused Bitcoin to fall to $68,400 and resulted in over $400 million in liquidations across the market. Currently, Bitcoin’s market cap is still below $1.370 trillion, but its dominance over altcoins has increased to 51.4%. Meanwhile, Binance Coin, which reached an all-time high of over $715 last week, has experienced a 5% drop in the past 24 hours, falling below $650. Other altcoins like NEAR, FIL, FET, and CRO have also underperformed recently. The total crypto market cap remains around $2.660 trillion.
Latest
Bitcoin Dominance Rises as Binance Coin and Other Alts Turn Red (Market Watch)
