Bitcoin’s share of the cryptocurrency market is climbing toward levels last seen in 2021, a sign of the cautious mood in digital assets as investors favor the largest token.
Bitcoin accounts for 48.5% of the crypto market’s $1.1 trillion value, up from 38% at the start of 2023, CoinGecko data show. Speculators tend to ditch smaller tokens when risks are thought to be mounting for digital assets.
