Crypto Market Cap Adds $200B in Days as Ethereum (ETH) Taps $4.2K: Weekend Watch
Bitcoin’s price gained a few grand over the past days but was stopped ahead of $118,000 and now stands around $117,000.
Many altcoins have significantly outperformed the market leader, which has reduced its dominance by 2% to 58%.
BTC Dominance Drops
August started on the wrong foot for bitcoin, which started to lose value rapidly due to overall global economic uncertainty and Trump’s controversial actions that had a few nuclear submarines move close to Russia’s borders. The culmination took place on August 3 when BTC slumped to a multi-week low of just under $112,000.
Nevertheless, the bulls stepped up in the following days and didn’t allow a breakdown below $110,000. Just the opposite, the cryptocurrency…
