Not a good as a whole for the cryptocurrency market again, but will it drop below $300 billion like it did last month? This still remains entirely unknown. Currently, Bitcoin (available on Coinbase) holds a 41.9% dominance of the total market, which is the highest the coin has held since December. At press time, BTC is trading at $9,068.87 a coin, down only -3.46%, in 24 hours. Where the leader goes, the aLTCoins tend to follow. With over 1/3 dominance of the market, any big dip in BTC’s price could pull the market down quite easily.

Goldman Sachs’ (NYSE:GS) technical analysis team predicted another projected BTC price recently. The head of the team, Jafari, is notorious for criticizing cryptocurrency and more specifically BTC.  In July, he predicted BTC to reach $4,000 by the end of the year and we all know the cryptocurrency hit its record all-time high over $20,000, at that time. Non-the-less, the team predicts the next BTC correction to reach below its February lows under $5,900 – we shall see.