Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T
It's now down to $57k, and obviously market close is also down to $1.97T
"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
It is a now pegged at 55%.
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.
Investors are putting money on altcoins because they know that they can profit in a very short period. Just look at how they pump XRP, BTT and other alts. But once they sold and get the profits resulting to a altcoin dump, they will go to BTC again.