The recent downturn in the crypto market has led to significant losses for major altcoins like Ethereum, Solana, and XRP.
Bitcoin's share of the overall crypto market has climbed to nearly 60% in the past week.
This rebound comes after a period of lower Bitcoin dominance following Donald Trump's election victory.
Recent policy adjustments by the Federal Reserve have caused sharp price declines across the crypto market, leading to a flight to safety among investors.