Analysis: Bitcoin market dominance rises to highest level since May, altcoins under pressure as market awaits new catalyst
23/10/2026, 3:30:01
Bollcoin, October 22 - According to CoinDesk, Bitcoin's market dominance rose to 60% on Wednesday, its highest level since May this year, and remained near that level, reflecting investors' preference for holding Bitcoin over altcoins. Meanwhile, Bitcoin fell below $82,000 on Thursday, giving back gains from a brief break above $84,000 the previous day. Smaller-cap tokens saw more pronounced declines, with the CoinDesk Memecoin Index falling more than 5%, the Computing Select Index down 3.5%, and the DeFi Select Index down 2.5%.