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Coinmarketcap shows prices in USD while most cryptos are trading against BTC, so what you’re seeing is mainly the drop of BTC against the dollar. Coins are also
by zerostar07 9y ago
Coinmarketcap shows prices in USD while most cryptos are trading against BTC, so what you’re seeing is mainly the drop of BTC against the dollar. Coins are also dropping against BTC of course, but not all of them, you can see that in an exchange like binance
- tedeh 9y agoThe "BTC Dominance" chart from Coinmarketcap sheds light to this: https://coinmarketcap.com/charts/#dominance-percentage https://coinmarketcap.com/charts/#dominance-percentage It actually shows that Bitcoin has lost a lot of value against altcoins since the early December top.