Fidelity's Report Highlights Bitcoin Dominance Over Altcoins

Fidelity's latest report on the cryptocurrency market has painted a mixed picture, with Bitcoin continuing to outperform while altcoins struggle with weak momentum and limited capital rotation.

The report notes that investors remain heavily concentrated in Bitcoin, with little appetite for broader altcoin exposure. This is reflected in the asset's dominance, which has remained solid throughout the recent consolidation period.

Ethereum (ETH) and Solana (SOL) have been highlighted as particularly affected by this trend, with momentum indicators remaining neutral to negative and unrealized profits across the altcoin market staying subdued.