Bitcoin

April

James

BlackRock

<p>Bitcoin strengthens its dominant position in the crypto market, reaching nearly 60% of the total market capitalization. A performance that had not been observed since April 2021, rekindling debates about the future of altcoins.</p>
<h2 id="h-une-ascension-historique-de-la-dominance-bitcoin">A historical rise in Bitcoin dominance</h2>
<p>On Wall Street, analysts are closely watching the spectacular rise of <a href="https://www.cointribune.com/en/bitcoins-dominance-reaches-a-peak-of-58-in-a-free-falling-market/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin dominance</a> since its low of 38.84% in September 2022. This rebound occurs in a particular context where the leading crypto is trading around 67,130 dollars on major exchanges like Coinbase.</p>
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<p><a href="https://u.today/bitcoin-dominance-approaches-60-will-uptrend-persist" target="_blank" rel="noopener noreferrer nofollow">The trend has persisted</a> despite recent turbulence, notably the Wall Street Journal investigation into Tether, demonstrating the increased resilience of Bitcoin.</p>
<p>Growing institutional adoption, catalyzed by the approval of <a href="https://www.cointribune.com/en/the-bitcoin-spot-etfs-continue-to-break-records/" target="_blank" rel="noopener noreferrer nofollow">ETF Bitcoin spot</a>, plays a decisive role in this dynamic. Traditional finance giants like BlackRock and Fidelity continue to accumulate significant positions, thereby reinforcing Bitcoin’s legitimacy as a digital safe haven.</p>
<p>The reduced volatility of Bitcoin compared to altcoins confirms its maturation as an institutional investment asset, thus attracting capital seeking relative stability in the crypto universe.</p>
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<h2 id="h-perspectives-et-implications-pour-l-ecosysteme-crypto">Perspectives and implications for the crypto ecosystem</h2>
<p>Experts from QCP Capital, a Singapore-based company specializing in digital asset trading, anticipate a continuation of Bitcoin’s dominance increase. This projection is based on the analysis of investment flows that now prioritize “quality” over speculation.</p>
<p>Analyst James Van Straten emphasizes a peculiarity of this cycle: the notable absence of capital rotation towards <a href="https://www.cointribune.com/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, traditionally seen as the leading altcoin. This “flight to quality” marks a break from previous cycles and suggests a new phase of market maturity.</p>
<p>This concentration of capital towards Bitcoin could herald a lasting reconfiguration of the crypto market, where the leading cryptocurrency further solidifies its status as a reference digital asset.</p>
<p>In conclusion, Bitcoin’s increasing dominance reflects a profound evolution of the <a href="https://www.cointribune.com/en/altcoin-season-why-is-the-80k-price-for-bitcoin-crucial/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a>, fueled by institutionalization and the search for safe assets. If this trend continues, it could permanently reshape the crypto landscape, bolstering BTC’s position as the leading digital asset.</p>

Bitcoin Nears 60% Dominance: Will The Rise Continue?

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