PANews, October 22 — According to CoinDesk, Bitcoin’s market share rose to 60% on Wednesday, reaching its highest level since May this year, and has remained near this level, reflecting investors’ preference for holding Bitcoin over altcoins. Meanwhile, Bitcoin fell below $82,000 on Thursday, giving back gains from its brief breakout above $84,000 the previous day. Smaller-cap tokens saw even steeper declines, with the CoinDesk Memecoin Index dropping over 5%, the Computing Select Index falling 3.5%, and the DeFi Select Index sliding 2.5%.
Bitcoin's market share reaches its highest level since May, with altcoins under pressure
PANewsShare
Summary
Bitcoin news reports that Bitcoin’s market share rose to 60% on October 22, the highest since May 2026, as investors shifted focus from altcoins to Bitcoin. Bitcoin fell below $82,000 on Thursday, erasing gains from the previous day’s rise above $84,000. Small-cap tokens plunged sharply, with the CoinDesk Memecoin Index dropping over 5%, the Computing Select Index falling 3.5%, and the DeFi Select Index declining 2.5%.
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