Bitcoin flexes dominance again as altcoins suffer bigger losses

(May 18): Bitcoin might be having a tough time of late, but it’s holding up much better than other cryptocurrencies, showcasing its ability to stay dominant during rough spells.

The coin’s market-cap dominance has risen “sharply” during the latest selloff, reaching 45%, the highest level this year, according to data compiled by Babel Finance. It suggests “altcoins are at their worst,” the firm’s strategists wrote in a note.

Even last week, as prices plunged amid the TerraUSD…

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