Long live the KING! Bitcoin takes back 50% market dominance

Bitcoin Dominance surges past 50%

Overnight we've seen the bitcoin dominance % rise up above 50% and has continued to rise to it's current level of 51.1%. Looking at our top 10 currencies it looks as though Bitcoin is making gains while everyone else is sliding down a bit. This is incredibly counter intuitive to what most of the Bitcoin community has expected.

Bitcoin up 8%

Bitcoin is up almost 8% today, with EOS and NEM being the only other top 10 cryptocurrencies to post gains on their last 24 hours. Litecoin has held up quite strong in the storm, and I expect it to continue to do so. I think Litecoin is resisting going any lower for the moment and I expect that to maintain until it's ready for another break.

August 1st Looms

I think August 1st has become a non-issue for most Bitcoin users at this point. Bitcoin Cash seems likely to not be a very widely adopted chain, and anyone who is interested in getting their Bitcoin Cash tokens has probably already taken the steps to do so or will in the next couple of days. August 1st is not an uncertain event, and it is uncertainty that effects price in a negative way. I think we could Bitcoin KABOOM going into the 1st, what do you guys think?