Bitcoin’s dominance surged from 54% to 60.6%.
Ethereum’s market share declined from 12.45% to 8.5%, while Solana fell from 2.82% to 2.51%.
Total crypto market capitalization dropped from $3.39 trillion to $2.84 trillion (-20%).
Opinion
The rise in Bitcoin’s dominance suggests a flight to safer assets, while the slowing momentum in altcoins reflects waning investor confidence.
Core Sell Point
Deteriorating sentiment and declining liquidity in the altcoin market could lead to further declines, making strategic portfolio adjustments essential.
The cryptocurrency market is witnessing a significant shift as Bitcoin’s dominance rises sharply while major altcoins experience declining market shares. According to the latest data, Bitcoin’s market dominance has surged from 54% at the end of last year to 60.6%, while leading altcoins Ethereum and Solana have dropped from 12.45% to 8.5% and from 2.82% to 2.51%, respectively. Meanwhile, the total cryptocurrency market capitalization has shrunk by nearly 20%, amplifying concerns over market-wide instability.
This shift reflects investors reallocating funds toward more stable assets, as stablecoins pegged to the U.S. dollar have gained market share, indicating a growing risk-averse sentiment. Analysts suggest that structural limitations and network constraints in the altcoin space are further contributing to this trend, leading to heightened short-term volatility.
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