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Altcoins Threaten to ‘Wither Away’ Amid Bitcoin’s Ascendency

  • Bitcoin's market dominance has risen to 64%, with altcoins losing over $300 billion in market value since the year began.
  • Altcoins, once seen as competitors to bitcoin, are predicted to fade away, with some experts suggesting they will 'wither away' and 'die,' leaving bitcoin to dominate.
  • Investors are turning to bitcoin, with ETF capital flowing into it, while altcoins, such as Ether, have seen a 50% decline this year.
  • Stablecoins are also in focus, providing utility for cross-border payments but raising concerns about monetary control and financial governance.

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