TechFlow reported on May 17, according to Decrypt, that Zach Pandl, Head of Research at cryptocurrency asset management firm Grayscale, said Bitcoin's market dominance might stabilize between 60% and 70%, rather than experiencing a significant decline.
Juan Leon, Senior Investment Strategist at Bitwise, pointed out that the decline in Bitcoin's market dominance reflects increased investor risk appetite, driven mainly by factors such as U.S. President Trump's 90-day tariff pause and declining inflation. Analysts believe that when markets focus on macroeconomic instability, Bitcoin's market dominance tends to rise; whereas when attention shifts to blockchain technology applications and innovation, its market share tends to fall.
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