It has twice been true this year – although certainly not the rule – that Bitcoin (BTC) prices hit the skids when altcoins pick up steam. Case in point: Altcoins had in mid-May pulled ahead of Bitcoin’s market cap by an even wider margin than they were on Tuesday. Back then, the top 20 alts had Bitcoin beat 53% to 47%. That was just before Bitcoin’s own market cap dipped for the next two months.

Bitcoin-vs.-Top-20-Altcoins-web

The Bitcoin market cap had been on the rebound since late July, but nowhere near as strong a rebound as altcoins. Ahead of its drop today, Bitcoin dominance had slipped to 40%, compared to the rest of the global market and 48.6% compared to the other top 20 altcoins.

It has twice been true this year – although certainly not the rule – that Bitcoin (BTC) prices hit the skids when altcoins pick up steam. Case in point: Altcoins had in mid-May pulled ahead of Bitcoin’s market cap by an even wider margin than they were on Tuesday. Back then, the top 20 alts had Bitcoin beat 53% to 47%. That was just before Bitcoin’s own market cap dipped for the next two months.

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