Bitcoin dominance jumps to 60% as altcoins slump ahead of CPI.
Bitcoin was rejected at $87,000 early last week, fell to $80,400, rebounded to $83,000 over the weekend and has been trading between $83,000 and $84,000. Its market cap sits at $1.670 trillion while dominance reached 60% on CoinMarketCap.
Altcoins are mostly in the red: Ethereum at $2,500, XRP under $1.40, Solana at $107, and QNT down 7.5%. Only ZEC, XMR, TRX and BCH show modest gains, while BTW surged 47% to $2.60. The total crypto market cap declined 0.5% to $2.790 trillion.
More volatility is expected as September CPI numbers are released later today.
Do you think Bitcoin’s dominance will continue to rise after the CPI data?
#Bitcoin #Altcoins #CryptoMarket #CPI #FinTech
Bitcoin was rejected at $87,000 early last week, fell to $80,400, rebounded to $83,000 over the weekend and has been trading between $83,000 and $84,000. Its market cap sits at $1.670 trillion while dominance reached 60% on CoinMarketCap.
Altcoins are mostly in the red: Ethereum at $2,500, XRP under $1.40, Solana at $107, and QNT down 7.5%. Only ZEC, XMR, TRX and BCH show modest gains, while BTW surged 47% to $2.60. The total crypto market cap declined 0.5% to $2.790 trillion.
More volatility is expected as September CPI numbers are released later today.
Do you think Bitcoin’s dominance will continue to rise after the CPI data?
#Bitcoin #Altcoins #CryptoMarket #CPI #FinTech