Crypto Market Wrap: Altcoins Retreating as Bitcoin Dominance Reaches 56%6.4

Crypto markets are starting to pull back this Monday morning and altcoins are taking the brunt of the losses. Total market capitalization has declined back to the $180 billion area but does not look like falling further for the time being.

Bitcoin has spent the best part of the past 24 hours at around $5,800. It dumped a few hours ago back to $5,670 before slowly climbing back up and over $5,700 where it currently trades. Volume is over $14 billion and BTC market cap remains above $100 billion. Bitcoin has also hit a new seven month high in terms of market dominance which is a fraction below 56 percent.

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