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16 October, 2024

Bitcoin Dominance Surges to 3.5-Year High, Leaving Altcoins in the Dust

16 October, 2024

Bitcoin’s dominance has surged to its highest level in over three years, eclipsing 60% of the total cryptocurrency market capitalization. This surge comes as altcoins have struggled to gain traction, with muted gains in the past 24 hours. The renewed strength of Bitcoin has pushed the market cap of the leading cryptocurrency well ahead of the rest of the crypto ecosystem, highlighting the evolving dynamics within the crypto space.