A sustained rally in altcoins due to investor rotation into higher-risk cryptos may no longer be a feature of the digital asset markets.
Bitcoin (BTC) dominance, a measure of Bitcoin’s overall share of the crypto market, has been steadily rising since 2023 amid a torrent of new cryptocurrency coins and tokens.
The current BTC market dominance is roughly 61.6%, down from the local peak of 64.3% recorded on Feb. 3.
BTC market dominance broke back above 60% on Feb. 2 amid a general market downturn over fears of a prolonged trade war between the United States and its trading partners.
