While Bitcoin price remains above the $65k level, its market dominance level has increased to 54.2%, which is the highest level in the last three years. However, concerns are growing about whether this situation is sustainable in the long term.

Market dominance refers to the percentage of a cryptocurrency in the total cryptocurrency market. Bitcoin's high market dominance usually means that the performance of altcoins will decline. This could be negative news for investors.

As a result, Bitcoin's increasing market dominance could negatively impact the overall health of the cryptocurrency market. This is especially worrying for altcoin investors. This continuation of market dynamics could lead to stagnation of the overall cryptocurrency market.