The cryptocurrency market is undergoing a significant shift today

The share of Bitcoin (BTC) in the total market cap has approached the 60% threshold again, reflecting BTC’s consolidation of dominance and waning interest in riskier altcoins

What this means in practice:

• The Bitcoin Dominance Index (BTC.D) has surpassed approximately 60.7%, a level not seen since mid-2021.

• Among the top 55 altcoins, fewer than 5% outperformed Bitcoin in the last 60 days; most have lost between 20% and 80% of their value.

• Institutional investment and liquidity flows continue to favour Bitcoin, reinforcing a “risk-off” mood in the altcoin segment. 

• Technically, a key support line around 59% (20-month moving average for BTC.D) is under scrutiny. A break below it could trigger a shift toward a broad altcoin rally. 

• Nevertheless, some analysts believe that November may mark a turning point: altcoins, having already undergone significant correction, may begin selective rebounds — particularly those with strong fundamentals (DeFi, AI, RWA).

Conclusion:
The market is currently in a phase where Bitcoin dominates the narrative, and altcoins stand at a crossroads: either they carve out independent growth paths or continue to underperform. For altcoin investors, choosing strong fundamentals over mere hype is more crucial than ever.