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Bitcoin dominance in the crypto market hits 60% as BTC slips below $82,000

Bitcoin dominance in the crypto market hits 60% as BTC slips below $82,000

The dominance rate measures bitcoin’s portion of the total value of digital assets. It remained near 60% after reaching that mark, reflecting investors’ preference for the largest cryptocurrency over alternatives despite muted price action.

Major altcoins hold steadier than smaller tokens

Ether (ETH), XRP and solana (SOL) posted roughly flat to positive performance over seven days, alongside bitcoin. Zcash (ZEC) stood apart as the only major coin to gain more than 10% during that period.

Smaller-token benchmarks showed deeper weakness. Among the losses, the CoinDesk Memecoin Index fell by over 5%, while the CoinDesk Computing Select Index slid 3.5% and the DeFi Select Index gave up 2.5%.

That contrast accompanied bitcoin’s rising…

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