Bitcoin Eclipses 50% Crypto Market Dominance For First Time Since December

This aggregated story was originally published on this site. Follow the link in the word Story at left to read the full article.

Bitcoin has long been at the forefront of the crypto industry; and it seems with the market’s most recent move downwards, Bitcoin’s dominance over the rest of the market may continue, or at least for a little while longer.Bitcoin Dominance Surges Amidst Crypto DowntrendThe crypto market dropped by a collective 7% in the past 24 hours, but Bitcoin has been doing better than others. At the time of writing, Bitcoin has currently posted a loss of 5%, while cryptos like Ethereum, XRP, and Litecoin have fallen by over double that percentage figure. However, the three aforementioned altcoins aren’t alone in their double-digit decline, with dozens, if not hundreds of altcoins seeing 24-hour declines that eclipse 10%.This widespread capitulation in altcoins has led Bitcoin’s dominance figure to surpass 50% for the first time since December’s BTC boom.But, this was not an overnight occurrence, with altcoins seeing a dominance pullback for the