The recent market dynamics in the cryptocurrency industry have led to a significant shift in Bitcoin's dominance. After a period of altcoin optimism, Bitcoin has once again taken the lead with a 60% market dominance. Altcoins have been losing value against Bitcoin despite Bitcoin's price increase in USD terms, primarily due to Bitcoin's own upward movement. This trend has been influenced by Bitcoin's recent surge, which allowed it to outperform smaller coins. Altcoins have struggled to maintain momentum since March when Bitcoin reached new highs. The price of Bitcoin has experienced selling pressure and failed to hold above the $70,000 level. Key support levels at $67,000, $64,000, and $62,000 will be important to watch for potential stabilization. Bitcoin's dominance has a broad impact on the market, and altcoins are likely to continue to struggle as long as Bitcoin remains strong. This dominance cycle suggests that Bitcoin will continue to dominate altcoin performance until it establishes a stable base near its recent highs, potentially giving altcoins a chance to recover.



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