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Bitcoin Dominance Reaches 4-Month Peak as Altcoins Lose Momentum (Market Watch)

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Although BTC’s price movements have been quite boring over the past 48 hours, the asset’s dominance over the market has increased to 50% – the highest since June.

The following few days were less volatile before the cryptocurrency started pumping once again on Thursday. However, the bears intercepted the move and pushed the asset south hard. By Friday, bitcoin had declined to $27,200 after failing to conquer the $28,000 level. This includes minor price drops from the likes of Ethereum, Binance Coin, and Polkadot and slightly bigger declines charted by XRP, SOL, DOG, MATIC, LTC, and BCH.

 

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