{"id":1904,"date":"2023-06-11T07:31:08","date_gmt":"2023-06-11T07:31:08","guid":{"rendered":"https:\/\/cryptofunding.vc\/?p=1904"},"modified":"2023-06-11T07:31:10","modified_gmt":"2023-06-11T07:31:10","slug":"altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch","status":"publish","type":"post","link":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/","title":{"rendered":"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch)"},"content":{"rendered":"\n<p><strong><em>While major altcoins struggle today, Bitcoin remains resilient, exhibiting strong performance and significantly increasing its dominance.<\/em><\/strong><\/p>\n\n\n\n<p>In the past 24 hours, a significant number of altcoins experienced a substantial crash, and there is no indication of this downward trend halting.<\/p>\n\n\n\n<p>Nevertheless, it is important to note a notable disparity in price performance between specific altcoins and the resiliency demonstrated by Bitcoin and Ethereum. Both Bitcoin and Ethereum have exhibited relative strength amidst this market turbulence.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin Dominance Soars<\/h3>\n\n\n\n<p>In the past 24 hours, Bitcoin&#8217;s dominance has surged to approximately 46% (according to CoinGecko data), marking a significant shift. This metric, which measures Bitcoin&#8217;s share compared to the rest of the market, serves as a clear indicator of the prevailing dynamics.<\/p>\n\n\n\n<p>The rising BTC dominance signifies that Bitcoin&#8217;s price is outperforming the altcoin market\u2014a remarkable achievement. Although Bitcoin itself has experienced a 3.1% decline today, it is crucial to note that the rest of the market is faring considerably worse. Consequently, this surge in dominance is a testament to Bitcoin&#8217;s resilience amidst the broader market downturn.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Altcoins Suffering Tremendously<\/h3>\n\n\n\n<p>Cardano, Solana, Polygon, and several other leading altcoins are currently experiencing a decline in their trading values, as indicated by the following heatmap.<\/p>\n\n\n\n<p>The primary reason for this downward trend appears to be the recent categorization of many of these altcoins as securities in the SEC&#8217;s lawsuit against Coinbase. Additionally, Robinhood, a prominent trading platform, has announced its intention to delist certain altcoins in light of these developments.<\/p>\n\n\n\n<p>Nevertheless, it is important to highlight that cryptocurrencies not implicated in the SEC&#8217;s claims are performing relatively better. For example, Ethereum&#8217;s ETH has only experienced a modest 5% decrease, while Ripple&#8217;s XRP has declined by approximately 6%. While still noteworthy, these losses are significantly less severe than the substantial 20% (or more) declines observed in coins such as ADA, SOL, and MATIC, among others, today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While major altcoins struggle today, Bitcoin remains resilient, exhibiting strong performance and significantly increasing its dominance. In the past 24 hours, a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,16],"tags":[],"class_list":["post-1904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vc-funds","category-venture-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch) - Crypto Funding<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch) - Crypto Funding\" \/>\n<meta property=\"og:description\" content=\"While major altcoins struggle today, Bitcoin remains resilient, exhibiting strong performance and significantly increasing its dominance. In the past 24 hours, a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto Funding\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-11T07:31:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-11T07:31:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/06\/blockchainheadhunter_cryptocurrencies_dripping_bloood_red_orang_3a3d0214-969a-4c08-9881-9e7f8a42edf2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Crypto Funding Reporter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Funding Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/\"},\"author\":{\"name\":\"Crypto Funding Reporter\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d\"},\"headline\":\"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch)\",\"datePublished\":\"2023-06-11T07:31:08+00:00\",\"dateModified\":\"2023-06-11T07:31:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/\"},\"wordCount\":316,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptofunding.vc\/#organization\"},\"articleSection\":[\"VC funds\",\"Venture Capital\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/\",\"url\":\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/\",\"name\":\"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch) - Crypto Funding\",\"isPartOf\":{\"@id\":\"https:\/\/cryptofunding.vc\/#website\"},\"datePublished\":\"2023-06-11T07:31:08+00:00\",\"dateModified\":\"2023-06-11T07:31:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptofunding.vc\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptofunding.vc\/#website\",\"url\":\"https:\/\/cryptofunding.vc\/\",\"name\":\"Crypto Funding\",\"description\":\"We connect Crypto, Web3, Blockchain startups &amp; VCs\",\"publisher\":{\"@id\":\"https:\/\/cryptofunding.vc\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptofunding.vc\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptofunding.vc\/#organization\",\"name\":\"Crypto Funding\",\"url\":\"https:\/\/cryptofunding.vc\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/05\/cryptofunding-icon.png\",\"contentUrl\":\"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/05\/cryptofunding-icon.png\",\"width\":247,\"height\":242,\"caption\":\"Crypto Funding\"},\"image\":{\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/cryptofunding1\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d\",\"name\":\"Crypto Funding Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1629c1d09abba5b9d429c618988a6dbc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1629c1d09abba5b9d429c618988a6dbc?s=96&d=mm&r=g\",\"caption\":\"Crypto Funding Reporter\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch) - Crypto Funding","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/","og_locale":"en_US","og_type":"article","og_title":"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch) - Crypto Funding","og_description":"While major altcoins struggle today, Bitcoin remains resilient, exhibiting strong performance and significantly increasing its dominance. In the past 24 hours, a [&hellip;]","og_url":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/","og_site_name":"Crypto Funding","article_published_time":"2023-06-11T07:31:08+00:00","article_modified_time":"2023-06-11T07:31:10+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/06\/blockchainheadhunter_cryptocurrencies_dripping_bloood_red_orang_3a3d0214-969a-4c08-9881-9e7f8a42edf2.png","type":"image\/png"}],"author":"Crypto Funding Reporter","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Crypto Funding Reporter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/#article","isPartOf":{"@id":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/"},"author":{"name":"Crypto Funding Reporter","@id":"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d"},"headline":"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch)","datePublished":"2023-06-11T07:31:08+00:00","dateModified":"2023-06-11T07:31:10+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/"},"wordCount":316,"commentCount":0,"publisher":{"@id":"https:\/\/cryptofunding.vc\/#organization"},"articleSection":["VC funds","Venture Capital"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/","url":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/","name":"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch) - Crypto Funding","isPartOf":{"@id":"https:\/\/cryptofunding.vc\/#website"},"datePublished":"2023-06-11T07:31:08+00:00","dateModified":"2023-06-11T07:31:10+00:00","breadcrumb":{"@id":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptofunding.vc\/altcoins-plummet-by-double-digits-as-bitcoin-dominance-surges-market-watch\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptofunding.vc\/"},{"@type":"ListItem","position":2,"name":"Altcoins Plummet by Double Digits as Bitcoin Dominance Surges (Market Watch)"}]},{"@type":"WebSite","@id":"https:\/\/cryptofunding.vc\/#website","url":"https:\/\/cryptofunding.vc\/","name":"Crypto Funding","description":"We connect Crypto, Web3, Blockchain startups &amp; VCs","publisher":{"@id":"https:\/\/cryptofunding.vc\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptofunding.vc\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptofunding.vc\/#organization","name":"Crypto Funding","url":"https:\/\/cryptofunding.vc\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptofunding.vc\/#\/schema\/logo\/image\/","url":"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/05\/cryptofunding-icon.png","contentUrl":"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/05\/cryptofunding-icon.png","width":247,"height":242,"caption":"Crypto Funding"},"image":{"@id":"https:\/\/cryptofunding.vc\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/cryptofunding1"]},{"@type":"Person","@id":"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d","name":"Crypto Funding Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptofunding.vc\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1629c1d09abba5b9d429c618988a6dbc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1629c1d09abba5b9d429c618988a6dbc?s=96&d=mm&r=g","caption":"Crypto Funding Reporter"}}]}},"_links":{"self":[{"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/posts\/1904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/comments?post=1904"}],"version-history":[{"count":1,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/posts\/1904\/revisions"}],"predecessor-version":[{"id":1906,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/posts\/1904\/revisions\/1906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/media\/1905"}],"wp:attachment":[{"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/media?parent=1904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/categories?post=1904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/tags?post=1904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}