Bitcoin Market Dominance Surges Past 50% Amid Increasing Risks In Crypto Sector

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Bitcoin’s (CRYPTO: BTC) share of the total digital asset market has surpassed 50% as risks strengthen in the rest of the crypto sector, CoinDesk reported. Bitcoin market dominance rate reached a robust 50.2% on Monday, marking its highest level in a month and nearing a 26-month peak of 52%. This comes despite the cryptocurrency’s price remaining virtually stagnant over the past month, currently at $26,700. Bitcoin’s dominance range had been fluctuating between 39% and 49% for over two years before it spiraled to 52% in June. This surge was triggered by asset managerBlackRock‘s filing for a spo…

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