Bitcoin Dominance Soars to 3-Year High Amid Market Fluctuations*

Bitcoin's market dominance has surged to its highest level in nearly three years, reaching 58% of the total cryptocurrency market value. This spike is attributed to the weakening US dollar and geopolitical tensions, causing altcoins to falter.

*Market Performance*

On Thursday, Bitcoin (BTC) maintained its stance above $60,000, trading at $61,100 with a 1% increase in 24 hours. In contrast, the broader crypto market struggled:

- Ethereum's ether (ETH) dropped 1%

- Notable altcoins like Ripple (XRP), Solana (SOL), Avalanche (AVAX), and Render (RNDR) recorded significant losses

- Aptos (APT) stood out with a 7% gain after Franklin Templeton expanded its tokenized money market fund to Aptos blockchain

*Shift in Investor Sentiment*

Investors appear to be shifting profits from Sui (SUI), which saw a 110% rise last month. This move reinforces Bitcoin's safe-haven status amidst market volatility.

*Key Takeaways*

1. Bitcoin's dominance reaches 58%, a 3-year high

2. ETH/BTC ratio drops to 0.038, nearing its lowest level since mid-September

3. Altcoins remain vulnerable to external pressures

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