📉 Bitcoin dominates amid market decline

- Bitcoin's share of the cryptocurrency market reached 58.1% on August 5.

- Ethereum (ETH) fell by 18% in two hours, Bitcoin by 10%.

- IG Markets analyst Tony Sycamore attributes this to fears of recession and military conflicts.

- Ether has suffered due to pressure on altcoins such as Solana, BNB and XRP.

- Over the past 72 hours, the capitalization of the crypto market has decreased by $500 billion.

Source: Cointelegraph, CoinGecko