Bitcoin Rises in Dominance, Controlling Almost 50% of $1 Trillion Crypto Market

Bitcoin_s dominance rate in the crypto market reached nearly 50%, the highest since April 2021, while alternative cryptocurrencies experienced losses. Bitcoin_s resilience, with only a 3% decrease, suggests increased investor interest and a flight to major cryptocurrencies amidst market uncertainty. Analysts predict continued outperformance by Bitcoin as its dominance rate breaks out of a three-year pattern. Tether, the leading stablecoin, also saw a 5% increase in dominance, benefiting from risk aversion. These developments indicate positive market trends and growing confidence in established cryptocurrencies.