TechFlow news, on October 22, Matrixport released a research report stating that Bitcoin's market dominance has continued to rise, reaching 58%, indicating that the altcoin frenzy has not yet arrived. Although there are now over 20,000 cryptocurrencies available in the market, attention remains highly concentrated on Bitcoin. Bitcoin's dominant position suggests that inflows into ETFs have had little spillover effect on altcoins and implies that retail investors have not yet entered the market en masse.
Bitcoin trading volume has doubled from $10–20 billion in 2023 to $20–40 billion, further highlighting the growing influence of Bitcoin. From a risk-adjusted perspective, Bitcoin remains one of the most attractive trades in the current crypto market.
