Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T
"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
Image Souce: MyTradingInfo
In the past few years i see that when bitcoin price is increasing then most of the Altcoins price also start increasing. I think this is not happening for investing in Altcoins by investor. This happened because every investors are holding their coins when bitcoin price start rising. "As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
Image Souce: MyTradingInfo