Altcoins market faces significant decline with Bitcoin dominance increasing to 61.18%.
The digital data analytics institution Glassnode has reported that the altcoin market has experienced one of its biggest value declines in recent weeks. While Bitcoin (BTC) is trading at $96,933 and has outperformed other currencies, the total value of altcoins has dropped by $234 billion in the past two weeks. This has increased Bitcoin’s dominance in the market to 61.18%, showing a 5.5% growth in the last month and indicating a divergence between Bitcoin and other digital assets.
