Bitcoin Holds Steady Amid Market Volatility

The global financial markets are facing increased pressure from rising oil prices and geopolitical tensions. However, the Bitcoin price remains steady at around $77,000, showing minimal fluctuations over the past 24 hours.

Major altcoins such as Ether, XRP, Solana, and BNB have all experienced losses over the week, with most of them down between 2-4%. In contrast, Dogecoin has bucked this trend by rising 5.5% to $0.1016, making it the only top-10 token outside of stablecoins to see gains.

Bitcoin's market dominance is slowly increasing as a result of this shift in capital flow towards the largest asset. Zaheer Ebtikar, founder of Split Research, notes that the supply overhang has dried up and sellers have exited due to macro shifts or quantum fears.