Bitcoin "returns as king"? The dominance index soared to 65%, and altcoins collectively failed to fire!

U.Today news, according to the Crypto King's official account, on May 7, 2025, the latest data from TradingView showed that the Bitcoin dominance index had surged to 65.09%, refreshing the stage high, firmly sitting on the "big brother" status of the crypto market! This indicator is an important signal for investors to measure BTC's suppression of altcoins. It has soared from less than 48% in the past few months, indicating that funds are accelerating back to the main currency.

This trend releases a key signal: altcoins have fallen out of favor, investors have "hedge" to Bitcoin, and market sentiment has clearly turned conservative. Peter Chung pointed out that the eve of a bull market is often accompanied by a sharp rise in the BTC dominance index, which is a "warm-up" signal that cannot be ignored in historical experience.

Bitcoin's 24-hour trading volume reached US$23.91 billion, and the heat remains unabated. At the same time, institutional investors generally regard BTC as a "crypto reserve currency". Under regulatory pressure and market uncertainty, they are more willing to choose mature and stable Bitcoin rather than volatile altcoins.

In addition, U.Today reported that New Hampshire has officially passed the strategic Bitcoin reserve plan, adding fundamental benefits to BTC. The market generally expects that Bitcoin is expected to set a new high and ignite a new round of rising market!