Bitcoin Dominance Weakens as Altcoins Rally

Posted on by American Coins & Gold

Bitcoin Dominance Weakens as Altcoins Rally
Bitcoin, the world’s largest cryptocurrency, traded little changed between $60,000 and $63,000 Friday before the U.S. jobs report. The price is also little changed over the week, while altcoins and gaming tokens have seen significant gains.Solana’s SOL token has rallied 21% this week, breaking through its all-time high on Thursday. Ether (ETH) also climbed to a record, hitting $4,628 on Nov. 3. It is up 2.4% on the week.“Alternative coins to ETH are still in favor,” said Daniel Kukan, a trader at Crypto Finance AG.The bitcoin dominance chart, which shows the extent of the cryptocurrency’s dominance over the rest of…