The past week saw the total market cap shed some $115 billion as both Bitcoin and Ethereum take a beating in a broader sell-off.
Things took a turn for the worse in the past seven days as the leading cryptocurrencies plunged. The total market capitalization is down some $115 billion in seven days as multiple leading coins dropped by double-digit percentages. With that said, let’s unpack.
Bitcoin’s dominance – the metric that tracks BTC’s share relative to that of the entire market – currently sits at 38.55%. This is more or less the same as it was seven days ago, which means that the altcoins failed to capitalize on Bitcoin’s indecisiveness.
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