Bitcoin Dominance Hits 60% as Altcoins Slide

Bitcoin dominance reached 60% on Wednesday, the highest level since May, as prices for most altcoins weakened. Bitcoin slipped below $82,000 on Thursday after briefly pushing above $84,000. Analysts note investors await a fresh catalyst while global macroeconomic conditions remain dominant. Smaller tokens like the CoinDesk Memecoin Index fell more than 5%, whereas zcash advanced more than 10%.