Bitcoin Dominance on the Rise as Altcoins Retreat Ahead of CPI: Market Watch

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. The reason for this is that most alts are still in the red, especially the mid-cap ones. 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.