flight to quality in cryptoland.

Bitcoin 60.6%
Etherium 11.51%
Tether 4.28% (scam stablecoin, but you have to back it out of the total percent)

those 3 are over 76% of total with the other 7,468 being under 24%.

other than Tether, Etherium is the only coin with total market cap that is at least 5% of Bitcoin.

over 80% of the top 100 by market cap are negative priced in USD over the past 7 days, while Bitcoin was up 6.71%.

continuing this thread...

- Bitcoin & shitcoins puked with the stock market
- Bitcoin came back with market
- Bitcoin now up to 63.2%
- top 99 outside of Bitcoin under 10% are up in past week when Bitcoin rose 2.93%

when an asset represents over half of the basket it is in, it becomes quite hard to keep eating share of the broader basket because as you grow well over half your growth also goes into the basket size you are measured in.