During Bitcoin's drop to $50, traders rush to buy altcoins. Bitcoin's supremacy rate briefly dropped to 49.5%, the lowest level since August 2018. There are increasing numbers of traders predicting that altcoins will shortly outperform Bitcoin. Ether, even as Bitcoin price falls 20 percent from its all-time peak, has now reached a new higher level. Thomas Farley, Chairman of the New York Stock Exchange, pointed to the importance of DeFi markets as much as Bitcoin does today.