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Bitcoin dominance nears 60% as altcoins fall faster amid $1B+ liquidations

Market News
08 Oct 2026, 22:24 WIB
Tokenpost
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Bearish
Bitcoin dominance nears 60% as altcoins fall faster amid $1B+ liquidations

Bitcoin's share of the cryptocurrency market rose to nearly 60% on October 8 as major altcoins like Ether, XRP, Solana, Dogecoin, and Zcash dropped more sharply. Bitcoin traded near $81,100 despite a 2.8% decline, while altcoins fell between 5.5% and 14%. The rise in Bitcoin dominance reflects altcoins losing value faster rather than Bitcoin gaining. Over $1 billion in liquidations occurred, with Ether alone accounting for $333 million. This shift reverses earlier trends when altcoins had stronger weekly gains reducing Bitcoin's market share to 56.5%.

As of October 9, 2026, Bitcoin trades at Rp1.463.421.994 on Pluang, down 1.95% in the last day. Altcoins like Solana and Zcash show sharper declines, with Solana down 5.94% and Zcash falling 13.60%. This price action aligns with the reported increase in Bitcoin dominance near 60%, reflecting altcoins' steeper losses rather than Bitcoin's gains.

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