The Bitcoin Dominance Index has remained stagnant despite altcoin rallies due to several factors. Strong institutional backing, such as spot Bitcoin ETFs and corporate accumulation, continues to drive Bitcoin demand, maintaining its market share. Additionally, the proliferation of new altcoins and tokens dilutes capital that might otherwise flow into established altcoins, limiting their impact on dominance. Macroeconomic uncertainty also favors Bitcoin as a safer asset, while altcoins struggle with liquidity and risk perception. Despite altcoin price surges, Bitcoin’s consistent buying pressure and market resilience keep its dominance steady, defying expectations of a significant shift.
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I just collected "Farcaster: Lion"
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The vast desert, with its endless sand dunes, tells stories of time and patience.
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