According to CryptoRank, Bitcoin has accumulated the highest amount of capital since April 2021. This indicates growing investor interest in the leading cryptocurrency and the strengthening of its market position.
The BTC dominance index has approached 56%, occurring against the backdrop of a moderate correction in both Bitcoin and altcoins. The CryptoRank report also highlights that the rise in BTC dominance may suggest a shift in capital from riskier assets to the more stable Bitcoin.
Analysts believe that investors are increasingly favoring BTC, as it has become a key topic in the U.S. presidential campaign, frequently mentioned by politicians and the media. This reinforces the perception of Bitcoin as a more reliable asset in the face of global economic uncertainty.
At the same time, other cryptocurrencies, especially altcoins, are being largely ignored by both politicians and the wider audience, weakening their market positions. Their volatility and lower adoption levels do not inspire the same level of confidence among institutional investors and large funds.
Experts predict that as the U.S. elections approach, Bitcoin’s dominance index may continue to rise, as political and economic factors will likely drive demand for more stable and proven assets like BTC.
