Will Altcoins Continue To Bleed This Season?
Are altcoins bleeding out and falling to Bitcoin’s market dominance in the cryptosphere? Bitcoin’s dominance is at 68.3% of the entire crypto market capitalization and altcoins are getting crushed in trades against it. In this month alone, Bitcoin’s dominance rate hit 70% for the first time in 26 months and is currently the most prevalent, trading at $10,227. While Bitcoin has continued to gain market share in the past seven days, major altcoins like Ethereum, Ripple, Bitcoin Cash, Litecoin and even Binance coin have lost significant market share. In a nutshell, they’re bleeding out. As altcoins struggle against BTC market…