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Analyst Predicts 60% Drop in Altcoins Relative to Bitcoin [BTC] MCap

Bitcoin [BTC] closed  6.5% higher at $10,400 on a weekly scale. The week saw another altcoin dumping as Bitcoins dominance crossed above 70%. Nevertheless, the alts have made a brief comeback during the weekend. While the gains are slight, this is one of the very few instances of altcoin rise relative to BTC this year.

Bitcoin [BTC] closed  6.5% higher at $10,400 on a weekly scale. The week saw another altcoin dumping as Bitcoins dominance crossed above 70%. Nevertheless, the alts have made a brief comeback during the weekend. While the gains are slight, this is one of the very few instances of altcoin rise relative to BTC this year.