Bitcoin’s market dominance has surged to approximately 60%, representing a 12% increase year-over-year, largely attributed to the Libra memecoin collapse that eroded investor confidence.

Currently, Bitcoin is trading in a tight range between 95,000 USD and 97,000 USD, with analysts predicting stability until a significant catalyst occurs, pointing to potential institutional inflows.

The derivatives market shows a decrease in implied volatility, indicating indecision among traders. Analysts suggest market participants are awaiting concrete policy changes before making significant moves.