As Bitcoin Falls, BTC Dominance Continues To Fly

Over the past month, we’ve seen nothing but red on the crypto markets. There seems to be a crash almost every few weeks at this point but there was a glimmer of hope over the weekend however, it was nothing significant worth reporting. The total market capitalisation is still way down being at around $112 billion at the current time of writing but it could decline even further at any time as the bears are still very much in play.

Bitcoin has crawled it’s way back up by 0.31 percent over the past 24 hours which has given it a price of $3,561 according to CoinMarketCap. The leading cryptocurrency has been mostly seeing green since it hit it’s yearly low over the weekend sparking hope in some investors minds that it could do a repeat of what happened in December last year.

Also at a low is Ethereum as it is currently priced at just over $90. The top ten cryptocurrencies also seem are shuffling about by the hour at the moment too. Tether has overtaken Bitcoin Cash to be the fifth biggest crypto (stablecoin) in the world and tensions are high between XRP and Ethereum as the tokens market cap seem to be closing in.

If we look to the top twenty we can only see little movement with Dash leading the herd of a three percent recovery and Monero is just behind.

As reported by News BTC:

“FOMO driven pumps are happening at DEX which has surged over 30%. Centrality and Aelf are both in double figures at the moment but not much else is going on at the green end of the top one hundred.”

As we’ve said the market cap is sitting at $112 billion which is a marginal gain on yesterday’s levels. Since the big drop over the weekend, the markets have slightly recovered but just barely. From the same time last month the total market capitalisation has been cut in half and Bitcoin dominance seems to be the only thing rising at the moment as it gets back to over 50 percent.

What are your thoughts? Let us know what you think in the comments down below!