Bitcoin struggling to hold above $11,500 but Altcoins showing gains.

08 Jul, 2019
by David Borman
Price Action
Bitcoin struggling to hold above $11,500 but Altcoins showing gains.

Today saw what may be the beginning of an Altcoin season as Bitcoin got stopped again at $11,500, but many major Alts reaped meaningful gains. As usual, a few coins still took some losses.

Coin Market Capitalization/Bitcoin Dominance

At the time of this writing, the market cap is sitting at $329,103,787,433, up from about $319 billion earlier in the day. Bitcoin dominance is starting to show slippage, now at 62.1%

Current price of Bitcoin: $11,442.83.

BTC/USD Chart provided by Tradingview

Top 10

Looking at the market leaders, it's easy to see that TRON had the best day with a nice 9.06% rise to $0.035, and not too far behind we see Ethereum (ETH) with 6.59% upside landing at $306.69. No coins were showing red today in the top 10, but the smallest growth goes to Bitcoin SV (BSV) with just 0.70% gains to $199.42.

Biggest Winners/Losers

Looking to the larger market, we see that todays biggest winner was ICON (ICX), coming up 18.52% to $0.370, followed close by RealTract (RET), with a 18.23% rise to $0.0063. As for losses today, Waltonchain (WTC) dropped -15.03% to $2.48 and Energi (NRG) slipped -11.26% to $8.04.

Is this the beginning of a real Altcoin rally? Or will Bitcoin come back with a vengeance? Stick with Chepicap for all updates!

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