The altcoin market is experiencing difficulties as Bitcoin’s dominance near 59% restricts the activity of smaller tokens, which in turn impacts liquidity in major cryptocurrencies. This dominance has created a challenging environment for altcoins, limiting their growth potential and market engagement. As Bitcoin continues to hold a significant share of the market, altcoins struggle to gain traction and attract investor interest. The concentration of liquidity in Bitcoin and a few other major cryptocurrencies further exacerbates the situation for smaller tokens, making it harder for them to compete effectively. Investors are closely monitoring these dynamics, as the performance of altcoins is heavily influenced by Bitcoin’s market movements.
