Bitcoin's dominance over the crypto market reached a new high of 60.6% as smaller cryptocurrencies underperformed during a recent pullback. Analysts predict that altcoins will continue to struggle against bitcoin in the mid-term due to a lack of major catalysts and the apathy of speculators. Regulatory uncertainty also weighs more heavily on altcoins, making the outcome of the US election and the perceived outlook for digital asset regulations more important for them than for bitcoin. However, favorable macroeconomic conditions are expected to provide a tailwind for the entire digital asset class, including altcoins, making them more competitive against bitcoin.



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