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Bitcoin's increasing dominance might be taking its toll on the altcoins, which continue to bleed substantially all over the board, including the recently strong performing altcoin, BNB.
The total market cap is taking a painful hit with more than $10 billion being wiped from the market on the day, with BTC Dominance currently standing at 54.8%.
Although Bitcoin is down slightly, BTC has taken back control, while altcoins are bleeding out.
The world's number one cryptocurrency increased its price by 50% since the beginning of 2019 and is currently trading at $5,445.70, down by 3% on the day.
Bitcoin’s total market capitalization stands at a little below $96.5 billion and accounts for 54.8% of the total market.
Chart provided by Tradingview.
The entire Top 20 cryptocurrencies are showing red candles sticks, with the exception of Basic Attention Token, which is showing an impressive 7.51% gain amongst a sea of bleeding altcoins and is currently sitting at number 20 with a market cap of $546,487,889.
In other news, how are altcoins bleeding and basic attention token is up 6.56%? pic.twitter.com/1dNojYai9v
— Akin Aj (@Mistakili) April 24, 2019
The biggest loser in the Top 20 is Tezos, which shows a decline of almost 15% on the day, closely followed by EOS which sees an 11% decline, and is currently trading at a $4.71 price mark.
The biggest gainer in the top 100 on the day is ODEM, with 13.16% gains.
In the top 100, we see Elastos and IOST taking the lead in worst performing altcoins of the day, with both showing losses of around 15%.
Even BNB, who recently performed very strongly by recording its all-time high just a few days ago, is also declining. Binance Coin is currently trading at around $22.06 on the day, which is almost 5% less in the past 24 hours.
Bleeding altcoins!! #cryptocurrency
— Steven Van Belleghem (@just_stevin) April 24, 2019
What dead cat bounce. I am losing my head apparently... Bitcoin successfully retested support and held and everything else is bleeding like there is no tomorrow with no signs of bottoming and bearish momentum intact...
— Homero [BTC] (@btchomero) April 24, 2019
Key levels: if Bitcoin breaks $5300, this is the upside! Subscribe to the Chepicap YouTube Channel for more videos!