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Fortune
Fortune
Marco Quiroz-Gutierrez

Bitcoin dominance in crypto market approaching 50% as Sam Bankman-Fried trial and geopolitical risk fuel flight to safety

Bitcoin illustration (Credit: Illustration by Fortune)

Bitcoin now makes up just under half of the $1 trillion crypto market, according to data from CoinGecko.

In January, Bitcoin’s market share stood at about 38%, according to Bloomberg, but it has since jumped to 48.5% as investors have fled some alternative coins in favor of the perceived safety of the original cryptocurrency.

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