Bitcoin’s market dominance has peaked at 60%, a level not seen since 2020. As Ethereum and various altcoins face challenges, market participants are cautious amidst low volatility and geopolitical concerns.

The current sentiment is weighed down by negative events, including the LIBRA scandal involving Argentinian President Javier Milei. With a lack of significant catalysts, BTC’s price remains stable, pushing traders to favor short-term strategies.