Bitcoin Builds on Recent Gains, Pushing $7,750 While Major Altcoins See Losses

July 23: Following a major upswing that kicked off on July 16, Bitcoin's price performance has diverged from other top cryptocurrencies.

As Coin360 data shows, the top coin continues to build on its recent gains, while most major alts are struggling to maintain positive momentum.

Bitcoin is trading around $7,740, up 3.17 percent over the 24 hour period at press time.

Today, BTC dominance by market capitalization in the total crypto market posted its highest level yet in 2018, passing 46 percent, a threshold last seen December 22, 2017, when the coin was trading just below all-time highs of around $20,000.

Bitcoin's weekly and monthly gains are in positive territory, at about 15.8 and 24 percent respectively.

Ethereum has failed to hold its recent gains, with the top altcoin trading around $452 at press time, down 2.55 percent over the 24 hour period.

Ethereum has now lost 5.66 percent on the week, 6.42 percent on the month.

IOTA has lost 3.7 percent on the day, trading at roughly $0.95 at press time, according to CoinMarketCap.

Cardano has lost just shy of 3.68 percent and is trading around $0.16 over the past 24 hours to press time.

Of the top 20 ranked coins on CoinMarketCap, anonymity-oriented altcoin Monero is the strongest performer, up 4.24 percent and trading around $135 at press time.