Cryptocurrencies market are showing no signs of recovering from their bear state, the total market capitalization is still below $200 billion. While almost every token, has nosedived towards their lowest of 2018, Bitcoin comes out to be victorious in terms of market cap. BTC observed its highest point this year with market dominance increased to 57.5%.
Total crypto market capitalization is stuck around $195 billion and Altcoins, especially Ethereum are losing value steadily, while Bitcoin is staying buoyed above $6,000. Although bitcoin is performing comparatively better than other tokens, it is constantly facing the brunt of the declining markets. Consolidating just below the key $6,400 resistance level, Bitcoin’s bearish pattern is expected to continue.