Bitcoin has surged beyond previous records, reaching a new all-time price high exceeding $122,000. This significant milestone highlights renewed bullish momentum in the leading cryptocurrency.
Concurrently, Bitcoin’s market dominance, signaling its share relative to the overall cryptocurrency market, rebounded significantly to 64.77%. This increase underscores Bitcoin’s position as the primary driver of the current market cycle.
The broader altcoin market also experienced substantial capital inflows. The total market capitalization of cryptocurrencies excluding Bitcoin (TOTAL2) rose dramatically, climbing approximately 30% from lows seen earlier to reach an estimated $1.32 trillion. This indicates significant growth across the altcoin sector alongside Bitcoin’s ascent.