Bitcoin's Rally Tightens Its Grip on Crypto Markets: Is Alt Season Cancelled?

Bitcoin cemented its dominance over the crypto market this weekend, soaring to a new record high and siphoning capital away from altcoins. The bellwether crypto surged 11% over the past week to set a new all-time high of $125,506, according to CoinGecko data. As a result, Bitcoin's market dominance—its share of the total crypto market capitalization—reached a three-week high of 59%. A confluence of factors is fueling Bitcoin's ascent, experts told Decrypt. Last week's surge in the stablecoin market cap t ...