Altcoins rally as bulls pile into large-cap tokens and layer-1 projects

Cointelegraph

Published May 06, 2021 06:04PM ET

Updated May 06, 2021 07:40PM ET

The cryptocurrency market provides investors with another day of 'altseason' as the majority of altcoins in the top 100 on CoinMarketCap rallied today.

Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week.

ETC/USDT 4-hour chart. Source: TradingView
BTC market cap dominance 4-hour chart. Source: TradingView

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