{"id":75232,"date":"2025-06-22T11:24:13","date_gmt":"2025-06-22T11:24:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=75232"},"modified":"2025-06-22T11:24:13","modified_gmt":"2025-06-22T11:24:13","slug":"bitcoin-dominance-skyrockets-as-eth-and-other-altcoins-plummet","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=75232","title":{"rendered":"Bitcoin Dominance Skyrockets as ETH and Other Altcoins Plummet"},"content":{"rendered":"

Bitcoin\u2019s price took another turn for the worse in the past 24 hours after the US attacked multiple Iranian nuclear sites, and the asset plunged to a multi-week low.<\/p>\n

The altcoins have posted even more notable price declines, which is evident from the growing BTC dominance.<\/p>\n

Bitcoin Tries to Recover<\/h2>\n

The business week began on a different note as the primary cryptocurrency shot from under $105,000 to $109,000 by Tuesday. However, it faced an immediate and violent rejection that pushed it south hard as the tension in the Middle East continued to rage on.<\/p>\n

In a matter of hours, BTC dumped to $103,500 before the bulls initiated an impressive leg up that drove the asset higher by around $3,000. Nevertheless, the overall negative market sentiment continued<\/a>, and bitcoin started to lose value once again in the following days.<\/p>\n

The culmination came earlier today as the US launched \u201csuccessful\u201d attacks against multiple nuclear sites in Iran, as described<\/a> by the POTUS. Moreover, Trump warned that there will be more violent strikes if Iran decides to retaliate in any form.<\/p>\n

Bitcoin\u2019s price tumbled<\/a> below $101,000 for the first time in almost three weeks. However, it remained within a six-digit price territory and has recovered to $102,500 as of now.<\/p>\n

Its market cap is down to $2.040 trillion on CG, but its dominance over the alts has skyrocketed to almost 63% as most bleed out.<\/p>\n

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

Alts Deep in Red<\/h2>\n

The rising BTC dominance in times when the cryptocurrency\u2019s price is dropping means only one thing \u2013 the alts have it even worse. Interestingly, it\u2019s not just the lower caps that are suffering badly. Ethereum, the largest of the bunch, has dumped by over 7% in the past 24 hours and is close to breaking below $2,200. Recall that ETH stood tall close to $2,800 just until a week ago.<\/p>\n

Solana, Dogecoin, Cardano, SUI, LINK, HBAR, and LINK are also deep in the red from the bigger alts. Even more painful declines come from VIRTUAL, APT, INJ, TIA, TAO, SEI, JUP, FET, and PEPE, as all of them are down by double-digits on a daily scale.<\/p>\n

These developments are only supporting a recent report, which claimed that those hoping for an altseason are relying mostly on \u201cwishful thinking<\/a>\u201d rather than any hard data.<\/p>\n

The post Bitcoin Dominance Skyrockets as ETH and Other Altcoins Plummet<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price took another turn for the worse in the past 24 hours after the US attacked multiple Iranian nuclear sites, and the asset plunged to a multi-week low. The altcoins have posted even more notable price declines, which is evident from the growing BTC dominance. Bitcoin Tries to Recover The business week began on […]<\/p>\n","protected":false},"author":0,"featured_media":75233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75232"}],"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=75232"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75233"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}