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.