BTC crypto cap dominance bounces back In a growin

BTC crypto cap dominance bounces back

In a growing turnaround, meanwhile, altcoin momentum showed signs of struggle as Bitcoin started to regain control of the total crypto market cap.

BTC dominance was up 0.5% on the day, building on an existing comeback after nearly hitting 60%Commenting on the interplay between Bitcoin and altcoins, popular trader and analyst Rekt Capital noted that Bitcoin was still holding higher ground.

“The Altcoin market is reacting as if Bitcoin has broken down from its Range. But it hasn't,” he argued Wednesday.

“In fact, it's retesting the Lower High and Range Low as support. The retest is in progress.”