Money flows from alts to BTC because of ETF expectations. Didnt check marketcap but i assume it didnt significaly get bigger.
Crypto market is reversing slowly and people are starting to loose paitince there is FOMO kicking in and we shall soon see bullrun.
ETF is sheduled for i think 25 september, its not on 10 august! So market have enought time to prepare for bull and i think this is happening right now.
Alts will follow bull hard when BTC cross 10k. Some even before that. Check NEO for instance its on the major support line and it will bounce hard in coming days.
Yeah everyone is anticipating this one. But also I think it's partly due to a shift in sentiment towards bitcoin. More of the public is softening about it and people are more willing to get into it. And then there's the trade wars. Lots of people are rushing to protect their money, and bitcoin is the fastest and easiest for them to get into if they don't know much about the altcoins. The vast ocean of altcoins can be a bit intimidating to those who haven't done any research about it and don't know where to begin. Also ETH is facing some issues with coins being sold back off, so it's been on a steady downtrend for a few weeks now. All in all, I think it's a greater desire for bitcoin that's prevailing right now.