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Bitcoin (BTC)’s share of the total cryptocurrency market has risen to 60%, its highest since 2020.

This increase comes as Ethereum (ETH) and other altcoins are in a slump, according to QCP Insights.

The recent Libra (LIBRA) cryptocurrency scandal and the Argentine president’s involvement in it have reduced investor confidence in risky cryptocurrencies.

Bitcoin price volatility remains limited, with the 7-day volatility index down to 36%.

Despite economic uncertainties including tariffs, inflation, and Trump’s unpredictable policies, traders are waiting for clearer signals from economic policy.