Bitcoin's dominance index is on the rise, reaching a 6-month high. This could be a sign that investors are returning to the market, and BTC is gaining traction. Meanwhile, altcoins are taking a backseat, with many experiencing significant price drops. Will this trend continue, or will we see a shift back to diversification?

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This could be a sign of increasing confidence in Bitcoin's store of value narrative, potentially driven by institutional investors. If so, it may lead to a further consolidation of the market.