Bitcoin’s dominance over the altcoins has gained roughly 1% in just a few days amid the latest developments on the SEC-crypto industry front.
Several altcoins have retraced today, including Cardano, which has dropped by more than 4%.
BTC Dominance Increases
Bitcoin started the week on a slightly positive note, surging to $27,500. However, it all changed quickly in the following hours as the SEC announced a lawsuit against Binance. The cryptocurrency dumped hard by $2,000 in hours and fell to its lowest position since mid-March at under $25,500.
While that seemed bad enough, the Securities and Exchange Commission took it a step further on Tuesday by suing Coinbase over similar allegations that it sells unregistered securities. BTC had recovered to around $26,000 before it slipped below $25,400.
Somewhat surprisingly, though, BTC bounced off in the following hours and skyrocketed by two grand to its starting weekly position. However, that was brief, and the asset dipped back down to $2
We współpracy z: https://cryptopotato.com/bitcoin-btc-dominance-on-the-rise-as-cardano-ada-slips-4-market-watch/
