Bitcoin Dominates the Market as Altcoins Lag Behind

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Bitcoin’s (BTC) market dominance continues to rise, reaching 58%. This situation indicates that the altcoin season has not yet begun, as stated in a Matrixport report. Despite the existence of over 20,000 altcoins in the market, investors remain focused primarily on Bitcoin .

Altcoins Remain in the Background

According to Matrixport’s latest research, Bitcoin’s dominance shows that ETF inflows have not significantly benefited altcoins. The lack of focus on altcoins prevents them from experiencing a substantial upward trend.

The report also notes that retail investors have not yet made a strong entry into the market, explaining why Bitcoin attracts greater interest compared to other cryptocurrencies.

Bitcoin’s Trading Volume Grows Exponentially

Moreover, Matrixport highlighted that Bitcoin’s trading volume has surged from $10-20 billion in 2023 to $20-40 billion in 2024, nearly doubling. This increase further clarifies how Bitcoin enhances its impact on the market.

Bitcoin continues to stand out as one of the best investment options in the cryptocurrency market in terms of risk-adjusted returns. Experts emphasize that Bitcoin remains one of the most reliable and profitable investment assets in the market.

Matrixport’s research and findings indicate that Bitcoin is still at the center of the cryptocurrency market, with the altcoin season arriving later than anticipated. As investor interest continues to gravitate towards Bitcoin, the prominence of altcoins appears challenging for the time being.

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