Bitcoin’s Dominance Drops as BTC Price Briefly Dips Below $10K
Helen Partz's original article for cointelegraph.com reduced by 49%
Saturday, Sept. 21 - crypto markets continued to trade sideways, with the majority of the top 20 coins by market cap seeing losses at press time. Bitcoin dominance continues to slipAfter briefly dipping below $10,000 threshold, Bitcoin has broken back above $10,000 to trade at $10,041 at press time.
The major cryptocurrency is down 1.1% over the past 24 hours, also seeing a nearly 3% loss over the past 7 days at press time. Bitcoin's dominance on the market has continued to drop, down from 67.7% at the beginning of the day to 67.5% at press time, according to CoinMarketCap. EOS, the seventh-largest crypto by market cap, is seeing the biggest gains over the past 24 hours at press time, up around 3.2%.
As recently reported, EOS is expected to have its first hard fork on Monday, Sept. 23. Total market capitalization has seen a slight loss over the day, down from $269 billion at the beginning of the day to $267 billion at press time.
On Sept. 19, Tom Lee, Fundstrat Global Advisors co-founder and major Bitcoin bull, expressed his bullish stance regarding the upcoming launch, claiming that it will lead to more trust in Bitcoin and crypto from institutional traders.
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Summarised crypto news.