Bitcoin Dominance Hits 60% as Altcoins Retreat Ahead of CPI
- —BTC dominance rose to 60%, market cap at $1.67 trillion
- —BTC trades between $83,000 and $84,000 after rebounding from $80,400
- —ETH fell to $2,500, XRP slipped below $1.40, SOL dropped to $107
- —Total crypto market cap declined 0.5% to $2.79 trillion
Why it matters: Rising BTC dominance signals capital rotating out of altcoins as traders await US inflation data that will set the market's near-term direction.
Source: CryptoPotato