Most Large Cap-Alts lose value compared to BTC (Market Watch)
Most Large Cap-Alts lose value compared to BTC (Market Watch)
Bitcoin has increased in the last 24 hours and has reached a new multi-week high of almost $ 50,000. However, most alternative coins have recently lost value to their market leader, and BTC's dominance has increased easily.
Bitcoin approaches $ 50,000
It was less than a week-on September 30th-when the Bitcoin price had fallen under $ 41,000 for the third time within five days. But a lot has changed since then, perhaps initially heated by promising news from the US Federal Researcher Jerome Powell, the that the country has no intention to prohibit digital assets.
BTC started to recover quickly by reclaiming $ 43,000 and $ 45,000 in just two days. The value continued to rise and reached $ 48,000 on the weekend. It was $ 47,000, but the bulls initiated another increase in the following hours.
This time Bitcoin even exceeded $ 49,000 and reached an intra-raday high of $ 49,800. After BTC maps this four-week high, it has decreased slightly, but is still over $ 49,500
The market capitalization of Bitcoin has therefore increased to well over $ 900 billion. The dominance compared to the Alts is also up to 43%, since most BTC did not follow up. 
old coins stagnate to Bitcoin
Most old coins have recently imitated BTC's performance, but the situation has changed in the last 24 hours, as mentioned above. ETH, for example, has increased by around 1% compared to the dollar and is $ 3,400. In the same period, however, it fell by more than 2.5% compared to BTC.
Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra and Algorand have also lost value compared to the greatest cryptocurrency.
There are some exceptions from Dogecoin and the self-proclaimed Doge-Killer-Shiba Inu, the in the green compared to dollar and Bitcoin.
to stand compared to the USD means that the market capitalization of cryptocurrency has also increased in the past 24 hours. The key figure has risen by $ 80 billion since yesterday's low and is currently $ 2.170 trillion.
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