Bitcoin continues to show steady growth thanks to increasing interest from large institutional investors, raising concerns for altcoins.
Reasons for Bitcoin's Rise
In a recent interview, an expert pointed to rising institutional interest and Bitcoin's limited supply as the main factors behind its dominance. According to him, the current price growth is the result of a 'supply shock' triggered by growing demand from large investors. The launch of spot Bitcoin ETFs and an increasing number of companies holding BTC on their balance sheets is opening the floodgates for mainstream capital.
Bitcoin Market and Alternative Tokens
The expert emphasized that Bitcoin's growing market share is becoming a one-way street, leaving little room for most altcoins. According to his estimates, Bitcoin's market dominance is approaching 65%, reinforcing its role in the cryptocurrency ecosystem. In contrast to Bitcoin, alternative tokens remain highly speculative and lack the credibility or utility needed for long-term competition.
Current Market Situation
At the time of writing, Bitcoin is trading just above $117,600, maintaining stability throughout the day. The rising dominance of BTC signals that the broader cryptocurrency market may increasingly revolve around a single key digital asset.
Institutional investors play a key role in sustaining Bitcoin's growth, which nevertheless creates uncertainty for most altcoins.
