Bitcoin’s share of total crypto market value is the highest in about 20 months, a sign of the cautious mood in digital assets.
The token wavered near $25,000 on Thursday, giving it a capitalization of $484 billion — or 45.8% of the value of the more than 10,000 coins tracked by CoinGecko. That’s the highest percentage since October 2021.
The U.S. Securities & Exchange Commission in lawsuits against Binance Holdings Ltd. and Coinbase Global Inc. last week deemed a raft of smaller tokens to be unregistered securities. That designation led to a selloff in such coins as they could become harder to trade.
