© Reuters.

,BTC) accounts for more of the total value of all cryptocurrencies than at any time since June 2022.

In the latest knock-on effect from this week’s surge above $26,000data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months.

Bitcoin market cap dominance 1-day candle chart. Source: TradingView
1-hour candle chart (Bitstamp). Source: TradingView