Following the latest developments on the SEC’s crypto industry front, Bitcoin’s dominance over altcoins has risen by around 1% in just a few days.

Several altcoins retreated today, including Cardano, which fell by more than 4%.

BTC dominance increases

Bitcoin started the week with a slight gain, surging to $27,500. However, that all changed quickly in the following hours as the SEC announced a lawsuit against Binance. The cryptocurrency plunged $2,000 in a matter of hours, falling to its lowest point since mid-March, below $25,500.

While that seemed bad enough, the SEC went a step further on Tuesday, suing Coinbase on similar charges for selling unregistered securities. BTC has since recovered to around $26,000 before falling below $25,400.

Somewhat surprisingly, though, BTC rebounded in the following hours and surged twice to reach its weekly starting position. However, that was short-lived and the asset fell back to $26,500, where it has remained for several days.

As a result, Bitcoin’s market capitalization remains just over $510 billion. However, its dominance over altcoins has jumped by about 1% in a few days to 46.7%.

ADA down 4%

In the week following the SEC’s action, alternative tokens experienced similar heightened volatility. Ethereum went from $1,900 to $1,800 and now settles at just under $1,850. Binance Coin is expected to be the worst performer. It was trading at over $300 before the news and fell more than $50 to its current position of less than $260.

On the other hand, Cardano has seen a significant drop over the past 24 hours. ADA is down more than 4% and struggling to stay above $0.3.

Most other large-cap stocks also saw slight losses, with ATOM, GRT, and FIL seeing the biggest daily declines.

The total cryptocurrency market capitalization has managed to defend the $1.1 trillion level over the past day, after falling sharply below it on Monday and Tuesday.