Crypto traders seek shelter in bitcoin as altcoins slide and ETF flows wobble
BTC when published $81,938Now $80,577 ▼ −1.66% since it was published
Bitcoin’s BTC $84,459.46 share of the crypto market has climbed to the highest level since May, even as prices across the wider market weaken. The cryptocurrency’s dominance rate, its contribution to the total market value of digital assets, reached 60% on Wednesday and remains near that level. The move signals a renewed preference for BTC, with investors favoring the largest cryptocurrency over alternative coins. The rise in dominance comes amid muted price action. Bitcoin slipped below $82,000 on Thursday, reversing Wednesday’s brief push above $84,000. On a seven-day basis, BTC and most other major tokens — including ether ETH $2,490.55, XRP (XRP) and solana (SOL) — were largely little changed to positive, with zcash (ZEC) the only major coin to advance more than 10%.
First reported by CoinDesk. This page is a short excerpt; the full text is theirs.
