Bitcoin’s dominance in the crypto market has steadily increased to 61.6% since 2023, reaching a peak of 64.3% on February 3. The rise is attributed to macroeconomic uncertainties impacting altcoins more severely than BTC.

Current trends indicate that traditional investment vehicles, such as ETFs, have limited capital flow into altcoins, raising concerns among analysts that the altcoin market may not recover as it has in previous cycles.