Bitcoin Dominance at 7-Month High as Altcoins Bleed Out (Market Watch)

Bitcoin’s dominance over the altcoins have increased to its lowest position since October, as most alts are deep in the red today.

Another day, another failure at the $30,000 line for bitcoin as the asset even dropped to $29,000. However, the altcoins are in an even worse shape, with substantial price losses evident across almost all charts. Ethereum struggles below $1,900, while ADA dumped beneath $0.5.

Since the start of this week, there have been three separate occasions. The first one was during the weekend when the rejection drove BTC below $29,000. The same thing happened once again on May 23 and 24.

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