{"id":47980,"date":"2026-10-14T07:11:41","date_gmt":"2026-10-14T07:11:41","guid":{"rendered":"https:\/\/financialrush.com\/?p=47980"},"modified":"2026-10-14T07:11:41","modified_gmt":"2026-10-14T07:11:41","slug":"bitcoin-dominance-on-the-rise-as-altcoins-retreat-ahead-of-cpi-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47980","title":{"rendered":"Bitcoin Dominance on the Rise as Altcoins Retreat Ahead of CPI: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Although bitcoin’s price has remained relatively sluggish on a 24-hour scale, without any significant moves in either direction, its dominance over the alts has risen to 60% on CMC.<\/p>\n

The reason for this is that most alts are still in the red, especially the mid-cap ones.<\/p>\n

BTC Dominance Reaches 60%<\/h2>\n

BTC was rejected at $87,000 on a couple of occasions at the start of the previous business week, and the second was particularly painful as it began a more profound leg down. It culminated on Thursday evening when the asset slumped to $80,400 to mark a multi-week low.<\/p>\n

After losing nearly $7,000 in about 72 hours, the cryptocurrency finally rebounded and tapped $83,000 during the weekend. It remained there for the next 36 hours and even challenged $84,400 on Monday morning. Another rejection followed, though, and the bears seemed in complete control on Tuesday morning when they drove<\/a> bitcoin to just under $81,000 once again.<\/p>\n

Nevertheless, there were two positive outcomes: first, BTC rebounded<\/a> just as quickly to over $83,000; second, it marked a higher low, which is typically considered a bullish signal. Since then, it has traded sideways between $83,000 and $84,000 and currently sits inches above the lower boundary. More volatility is expected later today when the CPI numbers for September will be announced<\/a>.<\/p>\n

Its dominance over the altcoins is on the rise. The metric tapped 60% on CMC, as most altcoins have struggled over the past few days. In the meantime, bitcoin’s market cap hasn’t moved much and stands at $1.670 trillion.<\/p>\n

\"BTCUSD<\/a>
BTCUSD October 14. Source: TradingView<\/figcaption><\/figure>\n

Alts Struggle, BTW?!<\/h2>\n

Most larger-cap alts continue to be in the red today, with ETH sliding back down to $2,500, XRP slipping further away from the $1.40 level, and SOL dropping to $107. RAIN has plummeted by almost 10%, while QNT is down by 7.5%. Further losses are evident from ADA, HYPE, LINK, XLM, NEAR, TAO, DOT, and others.<\/p>\n

In contrast, ZEC, XMR, TRX, and BCH are slightly in the green, while BTW has skyrocketed by 47% to over $2.60. On the other hand, TIA, M, CRV, and RENDER have dropped by somewhere between 8%-10% daily.<\/p>\n

The total crypto market cap has declined by another 0.5% to $2.790 trillion on CMC.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview October 14. Source: QuantifyCrypto<\/figcaption><\/figure>\n

 <\/p>\n

The post Bitcoin Dominance on the Rise as Altcoins Retreat Ahead of CPI: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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