Bitcoin's market dominance is on the rise as investor focus shifts back to major cryptocurrencies, according to a report by Matrixport on October 8. Despite discussions of an 'altcoin season' following Bitcoin's breakout in June 2023, capital remains concentrated in large-cap assets. While BNB has continued Ethereum's recent gains, the market shows structural differentiation, with most cryptocurrencies rebounding from 2022 lows. Bitcoin's dominance, which had dipped due to Ethereum and altcoins' temporary strength, is now increasing, reaffirming its role as a key market driver.
Bitcoin Dominance Increases as Market Refocuses on Major Cryptocurrencies
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