Bitcoin\u2019s price gained a few grand over the past days but was stopped ahead of $118,000 and now stands around $117,000.<\/p>\n
Many altcoins have significantly outperformed the market leader, which has reduced its dominance by 2% to 58%.<\/p>\n
BTC Dominance Drops<\/h2>\n
August started on the wrong foot for bitcoin, which started to lose value rapidly due to overall global economic uncertainty and Trump\u2019s controversial actions that had a few nuclear submarines move close to Russia\u2019s borders. The culmination took place on August 3 when BTC slumped to a multi-week low of just under $112,000.<\/p>\n
Nevertheless, the bulls<\/a> stepped up in the following days and didn\u2019t allow a breakdown below $110,000. Just the opposite, the cryptocurrency started to recover and bounced to almost $118,000 yesterday, which became a 9-day high.<\/p>\n It failed there and now stands at around $117,000. Its market capitalization has calmed<\/a> at approximately $2.330 trillion, while its dominance over the altcoins has taken a major hit. The metric is down to 58% on CoinGecko, which means that it has declined by 2% in just a few days.<\/p>\n Altseason<\/a> speculations are running rampant once again as many alts have produced impressive gains over the past days. Ethereum is leading the pack, with a massive surge<\/a> to a three-and-a-half-year high of $4,200.<\/p>\n DOGE, LINK, and HYPE are the other notable gainers from the larger-cap alts, with price pumps of up to 8%. CRO, UNI, XMR, and many other mid-cap alts have also performed incredibly since yesterday. ENA has taken the spotlight, with a mindblowing 20% surge that has taken it to $0.73. PEPE follows suits, with an 11% pump.<\/p>\n Pi Network\u2019s token has reacted well to the recent declines and is up by 10%<\/a> to $0.4.<\/p>\n The cumulative market cap of all crypto assets has gained almost $200 billion since Thursday and is beyond $4 trillion once again.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nAlts Take Main Stage<\/h2>\n
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