{"id":173724,"date":"2026-06-02T08:55:11","date_gmt":"2026-06-02T08:55:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=173724"},"modified":"2026-06-02T08:55:11","modified_gmt":"2026-06-02T08:55:11","slug":"bitcoin-dominance-crashes-as-btc-price-dumps-below-70k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=173724","title":{"rendered":"Bitcoin Dominance Crashes as BTC Price Dumps Below $70K: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s price troubles intensified in the past several hours as the asset dumped to its lowest levels in almost two months, under $70,000.<\/p>\n

Interestingly, there are some major altcoins posting gains or smaller losses than BTC, which has harmed its dominance over the market.<\/p>\n

Bitcoin Dominance Craters<\/h2>\n

It was just a couple of weeks ago when the primary cryptocurrency was riding high above $80,000 and even challenged $82,000 and $83,000. However, the subsequent rejection and correction have been quite painful. It quickly lost the $80,000 support and dived to $75,000 on May 23\/24.<\/p>\n

After a quick but unsuccessful rebound attempt that was halted at $78,000, the bears took control once again and initiated another leg down that drove BTC to under $74,000 in late May. Bitcoin maintained $73,000-$74,000 for a few days but broke down<\/a> as June started.<\/p>\n

It first dipped to $71,000 yesterday, where it found some support, but that was short-lived. The bears kept the pressure mounting, and BTC crashed<\/a> below $70,000 earlier today for the first time since April 8 amid some Mt. Gox transfers<\/a>. Moreover, its dominance over the market has been significantly reduced as many alts have charted more minor losses.<\/p>\n

The metric has slumped to 56.3% on CG, down by approximately 2% in the past week or so. Its market capitalization now struggles to remain above $1.4 trillion.<\/p>\n

<\/a>BTCUSD June 2. Source: TradingView<\/p>\n

Alts Take It Better<\/h2>\n

Although most altcoins are in the red today, most of their losses are smaller than bitcoin\u2019s. In fact, ETH is even slightly in the green on a daily scale, even though it continues to struggle below $2,000. XRP, TRX, ADA, and RAIN have dropped by under 3%, while BNB, HYPE, and SOL are down by around 1%.<\/p>\n

XLM has plunged the most today after its recent run, and is now down by over 9%. In contrast, NEAR, ICP, and H have marked significant double-digit price pumps.<\/p>\n

The total crypto market cap has dumped below $2.5 trillion on CG. Recall that the metric stood above $2.7 trillion just a few weeks ago.<\/p>\n

<\/a>Cryptocurrency Market Overview June 2. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Bitcoin Dominance Crashes as BTC Price Dumps Below $70K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price troubles intensified in the past several hours as the asset dumped to its lowest levels in almost two months, under $70,000. Interestingly, there are some major altcoins posting gains or smaller losses than BTC, which has harmed its dominance over the market. Bitcoin Dominance Craters It was just a couple of weeks ago […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173724","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173724"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173724"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173724\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}