Bitcoin Dominance Reaches 60% as Altcoins Face Sharp Declines Bitcoin’s market dominance has surged past 60% , marking its highest level in months, according to Cointelegraph . This increase comes as altcoins face significant losses , with Ethereum (ETH), XRP, and Solana (SOL) witnessing sharp declines. The downturn in the crypto market follows U.S. President Donald Trump’s new tariff policies , which have triggered global economic uncertainty and a risk-off sentiment among investors. Key Crypto Market Movements: Bitcoin (BTC) dominance: 60%+ Ethereum (ETH): -9.3% (past week) XRP: -13.8% Solana (SOL): -19.3% With Bitcoin maintaining its strength, many investors are shifting away from riskier altcoins, further consolidating BTC’s dominance. Why Is Bitcoin Gaining Market Share? Several factors have contributed to Bitcoin’s increasing dominance while altcoins struggle : 1. Macroeconomic Uncertainty from Trump’s Tariffs The new tariffs imposed by Trump on Canada, Mexico, and China have triggered market volatility. Investors are moving into Bitcoin as a safe-haven asset , mirroring traditional market reactions to economic instability. 2. Altcoin Sell-Off & Weak Market Sentiment Altcoins are seeing higher losses , with investors exiting riskier assets. Ethereum (ETH) and Solana (SOL) , which had been leading the last bull cycle, have seen double-digit declines . 3. Institutional Preference for Bitcoin Bitcoin ETFs and institutional interest continue to favor BTC over altcoins. Major firms like BlackRock and Fidelity have allocated funds to Bitcoin rather than smaller-cap cryptos. 4. Bitcoin as a Store of Value Bitcoin is increasingly seen as “digital gold” , with investors holding BTC rather than trading altcoins. Its limited supply and decentralized nature make it more resilient in times of economic uncertainty. Altcoin Market Outlook: Will a Recovery Happen? While altcoins are underperforming , a potential market recovery could still occur if: Bitcoin stabilizes , leading to capital rotation into altcoins. Macroeconomic conditions improve , reducing investor fears. Major blockchain upgrades (such as Ethereum’s next update) renew investor confidence. However, if Bitcoin dominance continues to rise , altcoins could face further corrections , with investors prioritizing BTC over speculative assets. Conclusion Bitcoin’s dominance surpassing 60% signals a major shift in market sentiment, with altcoins struggling to hold their ground . Trump’s tariffs , combined with institutional preferences for BTC , have driven investors towards the most established cryptocurrency. As economic uncertainty continues, Bitcoin may remain the preferred asset , while altcoins face further downward pressure unless market conditions improve. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.