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Price Analysis 07/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

Published 10/07/2019, 04:10 PM
Updated 10/07/2019, 04:21 PM
Price Analysis 07/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

Total crypto market capitalization has held the $200 billion mark for the past few days. This is a positive sign, as it shows that market participants are not panicking at lower levels but are using dips to buy. The first leg of the bull phase was led by Bitcoin, which saw its dominance rise from just above 50% at the start of the year to about 71% in early-September.

In the last few days, the action has been gradually shifting to altcoins, which can be seen from the gradual decrease in Bitcoin’s dominance, which is down to 66.7%. This increases the possibility that the next leg of the uptrend might see outperformance by select altcoins.

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