Bitcoin's share of the total cryptocurrency market climbed to 60.98% on Thursday, its highest reading since May 2026, COINOTAG reported. The move carried the metric above a 60.5% ceiling that has rejected three separate rallies since August 2025.

The gain came at altcoins' expense. While Bitcoin itself slipped roughly 2% on Wednesday, its weighting within the aggregate market value of all cryptocurrencies still increased, implying that the rest of the market declined more steeply over the same period.

Bitcoin dominance, defined as Bitcoin's market capitalization divided by the combined market capitalization of all cryptocurrencies, is one of the most closely followed metrics in digital-asset analysis. A rising reading indicates that value is concentrating in the largest cryptocurrency, while a falling one points to broader participation across alternative tokens. The metric is tracked on major market-data platforms and is frequently cited in discussions of market structure, though it does not by itself signal the direction of prices.

Bitcoin, introduced in 2009 by the pseudonymous creator Satoshi Nakamoto, remains the largest cryptocurrency by market capitalization. Its monetary policy caps total supply at 21 million coins, and it serves as the benchmark asset against which the broader token market is commonly measured.

Thursday's print marks the first time the measure has surpassed the 60.5% level since May 2026. That level has now capped three separate advance attempts since August 2025, making the area a reference point for observers tracking the division of capital between Bitcoin and the wider altcoin market.

This content was first published on COINOTAG: https://en.coinotag.com/bitcoin-dominance-60-98-percent-highest-since-may