Bitcoin Dominance Reaches Over 49%, Highest in 2 Years – What’s Going On?

Bitcoin (BTC)’s dominance in the cryptocurrency market has surpassed 49%, reaching its highest level in more than two years.
According to data from CoinGecko, Bitcoin’s dominance currently stands at 49.58%, almost three times the dominance of Ethereum (ETH), the second-largest crypto by market cap, which sits at around 16.7%.
This steady increase in dominance, starting from around 38% at the beginning of the year, signifies a significant surge in Bitcoin’s market share….
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