Bitcoin Dominance: Altcoins Lag Post-FOMC

Bitcoin Dominance Increases as Altcoins Underperform

• The Federal Reserve kept interest rates unchanged at 4.25-4.5% on May 7.
• Ethereum (ETH) rose by 6% to $1945 after a successful upgrade, while other altcoins gained 3-5%.
• The top 140 altcoins have declined by an average of 58% since December 2024, while Bitcoin has decreased only by 3%.
• Bitcoin’s market dominance increased from 49% to 65%, with projections to rise further to 66% or even 71%.
• Analysts predict declines in altcoin-to-Bitcoin (ALT/BTC) pairs amid ongoing quantitative tightening.

Despite a positive reaction from the crypto market following unchanged interest rates, Bitcoin continues to outperform altcoins, with its dominance rising significantly as analysts forecast further gains in its market share.