Bitcoin Dominance Hits 60% – Investors Shift Away from Altcoins
Bitcoin's market dominance has surged past 60%, reaching its highest level since early 2021, according to Binance Research. This shift underscores a growing preference among investors for Bitcoin over alternative cryptocurrencies, particularly during periods of economic uncertainty.
Analysts attribute the rise in dominance to several factors:
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Increased institutional inflows into Bitcoin ETFs
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Global regulatory pressure on smaller altcoins
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Market volatility driving capital into the “safest” crypto asset
While altcoin activity has cooled, Bitcoin has benefited from renewed momentum, not only reclaiming the $100,000 mark but also expanding its share of total crypto market capitalization. Many see this as a signal of market consolidation, as investors opt for perceived stability over speculative growth.
Source: Binance Square – May 8, 2025“When in doubt, buy Bitcoin,” has become a recurring theme among traders this quarter.
