Bitcoin dominance has surged to 65% for the first time since early 2021, according to data from IntoTheBlock. This marks the highest level of BTC dominance in three years. This increase in BTC dominance suggests that investors are flocking to Bitcoin as a safe haven during the current market uncertainty. Bitcoin has traditionally been seen as a more stable investment than altcoins, and its price has held up better during the recent market downturn. The rise in Bitcoin dominance is also likely due to the fact that many altcoins have been underperforming Bitcoin in recent months. Many altcoins have lost value against Bitcoin, and some have even fallen out of the top 100 cryptocurrencies by market capitalization. As Bitcoin dominance continues to increase, it is likely that altcoins will continue to struggle. Investors are likely to continue to flock to Bitcoin as a safe haven, and this will put downward pressure on altcoin prices.