RATE Group | Bitcoin Builds on Recent Gains, Pushing $7,750 While Major Altcoins See Losses
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Bitcoin Builds on Recent Gains, Pushing $7,750 While Major Altcoins See Losses

23 Jul Bitcoin Builds on Recent Gains, Pushing $7,750 While Major Altcoins See Losses

Posted at 23:55h in Bitcoin News by

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July 23: Following a major upswing that kicked off on July 16, Bitcoin (BTC)’s price performance has diverged from other top cryptocurrencies. As Coin360 data shows, the top coin continues to build on its recent gains, while most major alts are struggling to maintain positive momentum.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) is trading around $7,740, up 3.17 percent over the 24 hour period at press time. The leading cryptocurrency has been gradually inching towards an ever higher price point all week, consolidating growth following sharp spikes on both July 16 and July 17.

Today, BTC dominance by market capitalization in the total crypto market posted its highest level yet in 2018, passing 46 percent, a threshold last seen December 22, 2017, when the coin was trading just below all-time highs of around $20,000.

Percentage of total market cap (dominance) from CoinMarketCap

Percentage of total market cap (dominance) from CoinMarketCap

Bitcoin’s weekly and monthly gains are in positive territory, at about 15.8 and 24 percent…

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