Bitcoin Dominance Highest Level Since April 2021 for Nearly Half the Crypto Market

Bitcoin's (BTC) dominance rate or share in the total crypto market capitalization rose to nearly 50%, marking the highest level since April 2021, according to data tracked by charting platform TradingView.

The rise in dominance came as altcoins like SOL, MATIC, DOGE, and ADA suffered double-digit losses yesterday after SEC categorized them as unregistered securities.

Meanwhile, bitcoin lost just 3%. The relative outperformance stemmed from the fact that bitcoin is the only cryptocurrency deemed not a security by the US SEC, as well as an increased haven demand – investors move money out of altcoins and into bitcoin.

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.