Although the total market capitalization has dropped by 6% (from $3.4 trillion to $3.2 trillion), BTC.D increased from 63.8% to 64.7%, reflecting that investors are more inclined to sell altcoins rather than Bitcoin, reinforcing Bitcoin's attribute as a "safe-haven asset."
The altcoin/Bitcoin ratio continues to decline: from 0.34 in early May to 0.32, analyst Benjamin Cowen predicts it may further drop to 0.25, indicating a delay in the start of altcoin season.