Top 5 cryptocurrencies to watch this week: BTC, LTC, FIL, FTT, MIOTA

(BTC) is struggling to sustain above $50,500 but that has not stopped the altcoins from following in Ether's (ETH) footsteps after the top-ranked altcoin hit $4,000 on Sept. 3. This has pushed Ether’s market dominance above 20% while Bitcoin’s dominance has shrunk to 41.1%.

However, Bitcoin’s hesitation in the past few days has not altered the outlook of Bloomberg senior commodity strategist Mike McGlone who has retained a $100,000 target on Bitcoin and $5,000 on Ether.

Crypto market data daily view. Source: Coin360