{"id":45619,"date":"2026-06-02T08:55:11","date_gmt":"2026-06-02T08:55:11","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-dominance-crashes-as-btc-price-dumps-below-70k-market-watch\/"},"modified":"2026-06-02T08:55:11","modified_gmt":"2026-06-02T08:55:11","slug":"bitcoin-dominance-crashes-as-btc-price-dumps-below-70k-market-watch","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nb\/bitcoin-dominance-crashes-as-btc-price-dumps-below-70k-market-watch\/","title":{"rendered":"Bitcoin Dominance Crashes as BTC Price Dumps Below $70K: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s price troubles intensified in the past several hours as the asset dumped to its lowest levels in almost two months, under $70,000.<\/p>\n

Interestingly, there are some major altcoins posting gains or smaller losses than BTC, which has harmed its dominance over the market.<\/p>\n

Bitcoin Dominance Craters<\/h2>\n

It was just a couple of weeks ago when the primary cryptocurrency was riding high above $80,000 and even challenged $82,000 and $83,000. However, the subsequent rejection and correction have been quite painful. It quickly lost the $80,000 support and dived to $75,000 on May 23\/24.<\/p>\n

After a quick but unsuccessful rebound attempt that was halted at $78,000, the bears took control once again and initiated another leg down that drove BTC to under $74,000 in late May. Bitcoin maintained $73,000-$74,000 for a few days but broke down<\/a> as June started.<\/p>\n

It first dipped to $71,000 yesterday, where it found some support, but that was short-lived. The bears kept the pressure mounting, and BTC crashed<\/a> below $70,000 earlier today for the first time since April 8 amid some Mt. Gox transfers<\/a>. Moreover, its dominance over the market has been significantly reduced as many alts have charted more minor losses.<\/p>\n

The metric has slumped to 56.3% on CG, down by approximately 2% in the past week or so. Its market capitalization now struggles to remain above $1.4 trillion.<\/p>\n

\"BTCUSD<\/a>
BTCUSD June 2. Source: TradingView<\/figcaption><\/figure>\n

Alts Take It Better<\/h2>\n

Although most altcoins are in the red today, most of their losses are smaller than bitcoin\u2019s. In fact, ETH is even slightly in the green on a daily scale, even though it continues to struggle below $2,000. XRP, TRX, ADA, and RAIN have dropped by under 3%, while BNB, HYPE, and SOL are down by around 1%.<\/p>\n

XLM has plunged the most today after its recent run, and is now down by over 9%. In contrast, NEAR, ICP, and H have marked significant double-digit price pumps.<\/p>\n

The total crypto market cap has dumped below $2.5 trillion on CG. Recall that the metric stood above $2.7 trillion just a few weeks ago.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview June 2. Source: QuantifyCrypto<\/figcaption><\/figure>\n

\u00a0<\/p>\n

Innlegget Bitcoin Dominance Crashes as BTC Price Dumps Below $70K: Market Watch<\/a> dukket f\u00f8rst opp p\u00e5 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price troubles intensified in the past several hours as the asset dumped to its lowest levels in almost two months, under $70,000. Interestingly, there are some major altcoins posting gains or smaller losses than BTC, which has harmed its dominance over the market. Bitcoin Dominance Craters It was just a couple of weeks ago […]<\/p>\n","protected":false},"author":1,"featured_media":45621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-45619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nBitcoin Dominance Crashes as BTC Price Dumps Below $70K: Market Watch - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/nb\/bitcoin-dominance-crashes-as-btc-price-dumps-below-70k-market-watch\/\" \/>\n<meta property=\"og:locale\" content=\"nb_NO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Dominance Crashes as BTC Price Dumps Below $70K: Market Watch - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s price troubles intensified in the past several hours as the asset dumped to its lowest levels in almost two months, under $70,000. 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