Market Cap Back At $1T After Bitcoin Lost 14% Weekly
The total cryptocurrency market cap is getting closer to breaking below the coveted $1 trillion level as BTC lost about 14% over the past week. The cryptocurrency market is going through a rough patch, with the last few days seeing billions wiped off its total capitalization. Bitcoin has pulled below $21K once again.
Over the past day, Bitcoin’s dominance – the metric that’s most commonly used to gauge the cryptocurrency’s share relative to that of the entire market – increased by almost 0.5%. This means that over this period, BTC performed better than altcoins. However, the entire market is looking particularly shaky at the moment. With this week’s uncertain opening, the total losses for Bitcoin over the past week amount to about 14%. As mentioned above, Bitcoin performed better than the rest of the market and this is evident in the price of the major altcoins.
Source
@TradeCryptoNow
