BTC and Stablecoins Command Over 70% of Crypto Market as BTC Pushes Higher
Bitcoin’s (BTC) commanding position in the crypto ecosystem continues to strengthen.
When combined with the top two stablecoins by market capitalization — Tether (USDT) and Circle’s (USDC) — these three assets now represent approximately 72% of the total cryptocurrency market. This dominance underscores a broader consolidation at the top of the digital asset market, as capital gravitates toward perceived safety and strength.
BTC alone has surged to a 64.60% share of crypto market capitalization, briefly touching levels not seen since January 2021. This rise in dominance reflects growing investor preference for bitcoin amid ongoing macroeconomic and market uncertainty.
While bitcoin consolidates its leadership, its closest…
