Bitcoin’s Dominance Waning: Grayscale Sees Stabilization Amid Altcoin Surge

While Bitcoin (BTC) continues to hold its position as the largest cryptocurrency with 62.6% market share, a slight decline in dominance is prompting discussions about stability and future growth. Grayscale’s Zach Pandl suggests this dip, despite a recent rise in altcoin interest, is likely to stabilize at a plateau rather than collapse entirely. This prediction stems from Bitcoin’s role as a haven asset during times of market uncertainty, while the rising adoption of new technologies within the altcoin space fuels its growth.