BTC market share rebounded to 62%, institutional investors continue to favor blue chip encryption assets

BlockBeats news, on June 25th, after BTC fell to 59% in May, its market capitalization has now risen to 62%. This indicator, BTCMarket Cap, the proportion of BTCMarket Cap in the total Market Cap of all encryption assets, is an important indicator to measure market sentiment and potential AltCoin market dynamics. Generally, a low BTC market share implies rising investor interest in AltCoin. The current rising trend in market share indicates that funds are still flowing mainly towards BTC, with relatively limited follow-up for small encryption assets, which may slow down a broader AltCoin market rally. The current rise in market share reflects the increasing follow-up of encryption assets on Wall Street, and investment patterns are becoming more diversified. Although traditional Financial Institutions are increasingly interested in Cryptocurrency, this enthusiasm is mainly focused on BTC, and AltCoin has not yet seen a similar level of institutional ‘frenzy.’ This preference has also extended to encryption-related stocks, further suppressing the follow-up of AltCoin.