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Bitcoin’s price went on a volatile ride yesterday, which even included a flash crash by three grand on certain exchanges, but has remained at around $84,000 now.
The altcoins are slightly in the red, aside from $CRO and EOS, as both have charted impressive gains once again.
$BTC Dominance on the Rise
The primary cryptocurrency had a good run last week when its price shot up to $88,800 to mark a multi-week peak. However, it couldn’t penetrate that level and started to lose value gradually in the next few days. The situation worsened on Friday when $BTC’s floor gave in and the asset dropped to $81,600.
It managed to recover some ground during the weekend, but that was short-lived. The start of the current business week was also painful, with a price drop to a weekly low of $81,200.
The bulls finally stepped up at this point and didn’t allow a further breakdown below $80,000. In fact, $BTC started to gain traction and jumped beyond $85,000 for the first time since Friday.
Interestingly, data from Bitstamp shows that bitcoin flash-crashed to $81,200, while the same cannot be found on other exchanges, like Binance. Nevertheless, $BTC’s current price is just over $84,000, and its market cap stands tall at $1.670 trillion.
The asset’s dominance over the alts is on the rise again by nearing 60%, which is more than 1.5% higher than the numbers from last week.
$CRO, EOS Shoot Up
Most altcois have turned red on a daily scale after yesterday’s impressive gains. BNB, SOL, TON, LINK, DOE, ADA, and XRP are all with minor losses. SHIB has dropped the most from the larger-cap alts.
In contrast, EOS and $CRO have emerged as today’s top performers. EOS has jumped by double digits (20%) and trades above $0.8, while $CRO is up by 7.5% and sits north of $0.105.
The total crypto market cap has shed about $40 billion since yesterday and is down to $2.8 trillion on CG.
