BTC Dominance Rises Again as ADA, BNB, MATIC, AVAX Retrace Further (Market Watch)

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The top 100 alts have a new representative in the face of Akash Network's AKT after a 12% daily surge.

The top 100 alts have a new representative in the face of Akash Network’s AKT after a 12% daily surge.

Bitcoin’s price performance continues to be quite underwhelming, with the asset standing stuck at around $26,000. Its dominance over the alts, though, has increased in the past 24 hours, surging to well beyond 48% as several alts have retraced further within the same timeframe.Last Thursday was among the most volatile days in recent BTC history when the cryptocurrency plummeted from over $28,500 to $25,300 to register a new two-month low. This came afterBTC reacted rather well at first and recovered over a grand within the same day.

Binance Coin, Cardano, Polkadot, Polygon, Shiba Inu, Avalanche, and LEO are down by about 2-3% in a day. MATIC has dropped the most by over 4%. Litecoin is among the few alts with minor gains within the past 24 hours. OP is the only larger cap that has added a notable percentage .Cryptocurrency Market Overview. Source: Quantify Crypto

 

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