Bitcoin Dominance Down 5% Weekly as BTC Dropped to New 18-Month Low (Market Watch)

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Bitcoin's dominance over the altcoins has declined by almost 5% in less than a week as the asset fell below $18,000 earlier today.

Bitcoin’s dominance over the altcoins has declined by almost 5% in less than a week as the asset fell below $18,000 earlier today.

Although the bulls defended that level at first, it almost felt inevitable that it will give in. And it indeed did so on Saturday morning when the primary cryptocurrencyThe nosedives continued in the past 24 hours as BTC slumped to a new 18-month low of $17,500, resulting inAfter a brief pump towards $19,500, the cryptocurrency retraced once again and currently sits around $1,000 lower. Its market cap has taken another hit and is down to $350 billion now.

 

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