| This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll. In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it consolidated for a few days, and just today, it painted fresh 2020 highs at around $11,400. While all of this was happening, altcoins took somewhat of a beating. The total share of Bitcoin relative to that of the entire market increased to about 62.6%, which is 1.5% more than last week. In other words, altcoins have been losing grounds. |
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