A Binance Research report reveals a historic shift in market dynamics as Ethereum’s 51% surge and record corporate treasury moves drive altcoin gains, lowering Bitcoin’s dominance to around 60%.
A Binance Research report published on August 6 indicates that Bitcoin's dominance slipped to about 60.6% as altcoins outperformed, led by Ethereum's 51% monthly gain and unprecedented corporate treasury accumulation reaching 2.7 million ETH. The report also highlights robust rallies for XRP, SUI with a 34.6% surge and a $2.2B DeFi milestone, along with a 19-day streak of net inflows into spot ETH ETFs and a 220% rise in blue-chip tokenized equities.