Bitcoin Price Wobbles Toward $10K as Altcoins Push Dominance Under 70%
William Suberg's original article for cointelegraph.com reduced by 59%
Bitcoin price was testing support at $10,000 again on Sept. 9 after the largest cryptocurrency's latest bull run broke down over the weekend. The momentum, which took Bitcoin over $1,500 higher during last week, failed to last, with a sudden drop producing recent lows of $10,080 earlier on Monday.
At press time, Bitcoin hovered just above $10,200, equating to daily losses of 3.15%, while weekly gains remained at around 4%.Bitcoin 7-day price chart. Price suppression continues to stand at odds with technical indicators for Bitcoin, which suggest its network is bigger, more competitive and more secure than at any point in history. BTC dominance falls back below 70%.
Having languished in sideways patterns for months while Bitcoin boomed, altcoins could soon become the focus of attention once again. As Cointelegraph reported, investors saw repeated losses against BTC across altcoin tokens, while Monday saw a rare move: Bitcoin dropped more against USD than many other cryptocurrencies. Some tokens fared slightly worse, Bitcoin SV dropping 3%, while EOS managed to produce above average gains of 6.3%.
The overall cryptocurrency market cap stood at $263 billion, Bitcoin's share dropping back below 70% in the wake of its weakness versus altcoins.
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Summarised crypto news.