Update
Bitcoin's dominance in the market has surpassed 62%, the highest level since March 2021, despite a 29% correction in its price.
Although there was a slight increase on February 3, the upward trend has appeared more sustainable recently.
Ethereum was the most affected, with its market share dropping to 8.5%, the lowest level in five years, and its price falling below $1800, as the currency continues to weaken against Bitcoin.
Solana, which heavily relies on meme coins, has lost 60% of its value in two months, while its revenues have decreased by 90%.
As for Cardano and Dogecoin, they remain down 76% from their peaks, while coins like LINK, XLM, AVAX, SHIB, BCH, LTC, and DOT have experienced losses exceeding 70% from their previous highs.
#
