Bitcoin's dominant position has now rebounded to 62%

According to The Block, the dominant position of Bitcoin has rebounded to 62% after a significant decline to 59% in May. The current upward trend of Bitcoin's dominant position indicates that capital flows continue to favor Bitcoin over smaller digital assets, which may delay the arrival of a broader rise in altcoins. The resurgence of dominant position reflects the divergence in investment patterns of cryptocurrencies as they receive increasing attention on Wall Street. Although cryptocurrencies are becoming increasingly popular among traditional financial institutions, unlike the mainstream adoption of Bitcoin, altcoins have not yet experienced a similar institutional boom. This preference for cryptocurrency related stocks may suppress investors' interest in altcoins.