It has twice been true this 12 months – though definitely not the rule – that Bitcoin (BTC) costs hit the skids when altcoins choose up steam. Working example: Altcoins had in mid-Could pulled forward of Bitcoin’s market cap by a fair wider margin than they had been on Tuesday. Again then, the highest 20 alts had Bitcoin beat 53% to 47%. That was simply earlier than Bitcoin’s personal market cap dipped for the subsequent two months.
![Are you going long on Tezos [XTZ] in August? Read this first](https://worldofcrypto.live/wp-content/uploads/2022/08/rodion-kutsaev-9odES-X2Sj0-unsplash-1000x600-120x86.jpg "Are you going long on Tezos [XTZ] in August? Read this first")
The Bitcoin market cap had been on the rebound since late July, however nowhere close to as robust a rebound as altcoins. Forward of its drop as we speak, Bitcoin dominance had slipped to 40%, in comparison with the remainder of the worldwide market and 48.6% in comparison with the opposite high 20 altcoins.
It has twice been true this 12 months – though definitely not the rule – that Bitcoin (BTC) costs hit the skids when altcoins choose up steam. Working example: Altcoins had in mid-Could pulled forward of Bitcoin’s market cap by a fair wider margin than they had been on Tuesday. Again then, the highest 20 alts had Bitcoin beat 53% to 47%. That was simply earlier than Bitcoin’s personal market cap dipped for the subsequent two months.
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![Are you going long on Tezos [XTZ] in August? Read this first](https://worldofcrypto.live/wp-content/uploads/2022/08/rodion-kutsaev-9odES-X2Sj0-unsplash-1000x600-350x250.jpg "Are you going long on Tezos [XTZ] in August? Read this first")
