Each single altcoin is crushed by Bitcoin’s positive aspects, which exhibits that the long-awaited alt season will not be on the horizon
After its speedy surge to $11,500, Bitcoin (BTC) painted the entire cryptocurrency market inexperienced.
Ethereum (ETH), Ripple’s XRP, Bitcoin Money (BCH) and different prime altcoins have recorded minor modest positive aspects.
Nonetheless, Bitcoin remained the best-performing foreign money inside the CoinMarketCap prime 50 (together with Bitcoin diamond), which pushed its dominance to a whopping 67.6 p.c.
Even Litecoin (LTC), which is predicted to bear reward halving on Aug. 5, solely elevated three p.c in comparison with Bitcoin’s seven p.c.
Alex covers all issues crypto — from main tasks, that are preventing tooth and nail to achieve the higher hand within the burgeoning business, to the newest regulatory traits world wide. He’s a agency believer that Blockchain has the potential to reshape just about each enterprise on the market, and cryptocurrencies are solely a stepping stone to the upcoming decentralized revolution.