Bitcoin’s dominance in the cryptocurrency market has hit a four-year high, surging above 64% and signaling its continued strength. This surge reflects growing investor confidence in Bitcoin as a safe haven asset during economic uncertainty. Fueled by institutional investments through ETFs and corporations like Metaplanet’s large BTC holdings, Bitcoin’s price hovers near $96,000. However, this dominance presents challenges for other major cryptocurrencies such as Ethereum (ETH), Solana (SOL), and Binance Chain (BNB). 2023 has seen a dramatic shift in market sentiment, with ETH struggling to maintain its position in the market. Currently, it holds a market dominance of just 7.4%, illustrating the impact of Bitcoin’s rise on other chains. Its relative low market share is further emphasized by its ETH/BTC ratio of 0.115, highlighting the outsized influence of Bitcoin.