Bitcoin Price Dips to $19,500 While Altcoins Continue to Bleed Out
The cryptocurrency market continues to bleed out as its capitalization drops to $950 billion. Meanwhile, extreme fear is once again the predominant sentiment. The cryptocurrency market continues to struggle, with its total capitalization shedding another $50 billion over the past 24 hours.
Bitcoin shed another percent off its dollar value in the past 24 hours and dropped to a low of around $19,520 (on Binance). As seen in the chart above, the price has now recovered to about $19,900, but the cryptocurrency is still done some 6.5% in the past week. It’s also worth noting, though, that BTC’s dominance – the metric commonly used to gauge its performance relative to that of the rest of the market – increased a bit in the past 24 hours. This means that BTC performed better than altcoins.
