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Altcoin Hopes Fade as Bitcoin Dominance Rises to 62.18%
- Bitcoin's dominance in the crypto market has risen to 62.18% from 53% in December.
- The growing number of new tokens weakens capital flow to altcoins.
- Factors contributing to Bitcoin's dominance include institutional investors accumulating BTC and the launch of spot Bitcoin ETFs.
- While some believe an altcoin season is delayed, not canceled, altcoins face challenges in surpassing Bitcoin's dominance.
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