Bitcoin Reaches New All-Time High of $109,496 as Dominance Surges to 64.25%

In a significant market development reported by COINOTAG on May 21st, the leading cryptocurrency, Bitcoin, has achieved a remarkable peak of $109,496 on the Coinbase exchange. This surge has propelled Bitcoin’s dominance in the market to an impressive 64.25%, signaling a decisive shift in investor sentiment. However, it’s crucial to observe that the combined market capitalization of altcoins, referred to as TOTAL2, including Ethereum, has seen a substantial decline of 26.67% from its all-time high recorded in early December 2024. Consequently, for these digital assets to reclaim their previous peaks, a robust increase of 36% is required in this ongoing market cycle. This scenario highlights the volatility and cyclical nature of the cryptocurrency landscape.