Bitcoin Struggles To Cement Its $20K Price Mark While Chainlink Outperforms

The crypto market hasn’t been propitious since the Fed’s interest rate hikes. As the fight against inflation becomes more aggressive, the financial markets bleed. Many coins are trading in the reds instead of recovering as investors expected. 

Bitcoin and other altcoins have lost their last week’s gains and are now struggling to remain at expected levels. As of September 5, the trading price for most of these assets started very low, indicating a tough week ahead. 

Related Reading: Ethereum (ETH) Struggles Ahead Of the Merge, Can Price Retest $1,900?

Apart from price loss, bitcoin’s dominance has fallen below 39%, and its market cap has remained below $380 billion. The dominance metric indicates the performance of BTC relative to altcoins. When the figure is high, it means bitcoin has outperformed the others and vice versa. 

Bitcoin’s price fluctuates below $20K. | Source: BTCUSD chart from Tra ..

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