Altcoin Nightmare: Market Cap Down $10 Billion as Bitcoin Dominance Surges

This resulted in a 6% increase in the BTC dominance over the market in just a few weeks. While Bitcoin has retraced by 1.3% now, most of the altcoins have it much worse.

The top ten sees even more losses from Bitcoin Cash (-8%), Binance Coin (-7.6%), Chainlink (-10%), Polkadot (-5.4%), Cardano (-8%), and Litecoin (-5.5%). SushiSwap (-14%), Compound (-13%), Aave (-13%), Loopring (-11.8%), Synthetix Network Token (-11.6%), Energy Web Token (-11.5%) are just a few of the other double-digit price losers.

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