Crypto Market Cap Floats Around $300 Billion, Bitcoin Struggling to Stay over $8,000

The last two weeks in the cryptocurrency markets have been disappointing for the most part, and the bearish trend does not seem to be over as of yet. BTC is sitting at $8,016 and a particularly uninspiring +0.56% 24 hour change.

ETH’s performance in March has been very poor – the token powering the world’s leading smart contract platform started the month at $858 and is now at $460 after dropping by 1.36% in the last day. ETH has lost 46.5% of its value in the last 30 days.

Today’s top performers in the top 100 are mostly selected small market cap coins. NEO-based Ontology (ONT) is leading the pack with +53.45% ($2.76), followed by Mithril (MITH) at +43.18% ($0.38). EOS is the best daily performer among the top 10 cryptocurrencies by market cap with +12.63% ($6.28).

The total cryptocurrency market cap has been moving between $300 billion and $350 in the last two weeks, occasionally passing those thresholds for a brief period of time.

BTC’s dominance has been creeping up steadily, going from 37.46% on February 27 to 44.7% where it stands today. BTC’s market share was at its all-time low at around 33% in mid January during the altcoin boom. Bitcoin is perceived by many as a safer bet than less-established cryptocurrencies, which is one of the explanations for its rise in dominance during this bear market period.