Bitcoin market share has surged to 54%, the highest since 2021, highlighting its resilience amidst altcoin struggles.
Altcoins, including Ethereum, saw significant price drops, while Bitcoin remained stable, cementing its status as a safer asset.
Bitcoin's dominance in the crypto industry skyrocketed to 54% in Q3, while Ethereum's market share plummeted to just 13%.
Investors are choosing Bitcoin over altcoins, as many of these lesser cryptocurrencies have seen their value drop, and are also investing in stablecoins for stability amidst market volatility.