Investors Shift Focus as Bitcoin’s Grip on Crypto Weakens
Bitcoin’s dominance in the cryptocurrency market has declined, signaling a shift in capital toward alternative cryptocurrencies (altcoins). According to recent data, Bitcoin’s market share dropped below 58% in August, breaking a two-year trendline and creating favorable conditions for altcoins to thrive. This decline, while seemingly modest, is a key indicator of what many in the market refer to as “altcoin season”—a period when investors allocate capital away from Bitcoin toward smaller, more innovative projects [1].
The broader crypto market has grown to over $4.1 trillion in August, with much of that expansion attributed to altcoin inflows. Institutional investment in crypto also reached $2.5 billion, with capital…
