According to blockchain analytics firm Glassnode, Bitcoin's market dominance has increased significantly since the collapse of FTX, rising from 38% to 58% since late 2022. This indicates a capital rotation into Bitcoin over other digital assets, including altcoins. Glassnode's data also shows that Bitcoin's market capitalization has grown 5.3 times since its 2022 low, reaching approximately $1.9 trillion, while altcoins have experienced a market cap increase of 4.7 times, reaching $892 billion. Despite the rise in both segments, Bitcoin has outpaced altcoins in capital inflow, solidifying its position as the leading digital asset. Bitcoin's stability in market dominance has been maintained during economic developments, such as positive stances on cryptocurrencies by former U.S. President Donald Trump and discussions about using Bitcoin as a reserve asset by the United States government. Altcoins have remained stagnant since Trump established new tariff policies, leading to market sell-offs and a decrease in altcoin market capitalization. However, some analysts predict an upcoming break in altcoin underperformance and anticipate an altcoin season when Bitcoin's dominance ends.



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