Market News / Story
Bitcoin Dominance Hits 1-Month High, Altcoins Remain at Risk
U.Today ·
U.Today reports: Bitcoin market dominance has skyrocketed to about 60.05%, hitting a one-month high. The recent spike in Bitcoin dominance may lead to more trouble for alternative cryptocurrencies. The past month has been quite turbulent for Bitcoin dominance (BTC.D). Earlier in the timeframe shown, Bitcoin dominance was trading above 60%. However, it recently slipped to the 59% mark and briefly fell below that level. Yet, Bitcoin has started to outperform the overall cryptocurrency market.…
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