Bitcoin Dominance Nears Cycle High as Price Stalls

Bitcoin sits within a few hundred dollars of $78,800, and it has barely moved from that spot for days. That stillness is the story. Bitcoin dominance, the share of total crypto market value held in BTC alone, is parked at 59.1%, near the upper end of its range for the year, and that combination of a flat price and a concentrated market tells a more specific story than the headline number suggests. Capital is not fleeing crypto, but it is not committing to anything beyond the largest, most liquid name either.

Key Takeaways Bitcoin traded near $78,781.52, down 0.31% on the session, while Ethereum fell to $2,489.71 (down 0.68%) and Solana slipped to $101.46. Bitcoin dominance held at 59.1% of th…