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Bitcoin dominance hits 60% amid altcoin declines and ETF flow uncertainty

Market News
22 Oct 2026
Coindesk
View Source
Neutral
Bitcoin dominance hits 60% amid altcoin declines and ETF flow uncertainty

Bitcoin's market dominance rose to 60%, its highest since May, as investors favor it over altcoins amid a weakening broader crypto market. While Bitcoin's price fluctuated around $82,000-$84,000, smaller tokens and altcoins saw notable declines, with some indexes dropping over 3%. Analysts note the market is waiting for new catalysts, with global economic conditions and ETF inflows influencing sentiment. Investors are advised to avoid chasing short-term rallies and watch for Federal Reserve signals next week.

Bitcoin trades at Rp1.475.676.731 on Pluang as of Oct 22, 2026 18:32 WIB, down 1.54% in one day. Market activity shows a nearly balanced order flow with 48% selling and 52% buying. Typical hold time on Pluang is 112 days, indicating steady investor interest despite recent price dips.

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