The metric has increased by roughly 5% in the past several days.After several days of charting substantial gains and volatile price movements, Bitcoin has finally calmed at just over $62,000.Most altcoins went along the rollercoaster ride but have stalled on a daily scale now, aside from LTC, LEO, and TAO from the larger caps.BTC Stalls, Dominance Rises:A lot can be said about the current business week as the entire landscape in the crypto markets has changed. Just last weekend, BTC had stalled at around $51,000 and $52,000 and was unable to break above the latter.However, the bulls began a massive rally starting on Monday that resulted in gaining several thousand dollars in hours. By Tuesday, the cryptocurrency had soared to almost $60,000. That level was finally breached on Wednesday, and the rally took BTC all the way up to $64,000.This became its highest price tag in more than two years. However, it was met with a violent rejection that pushed Bitcoin south by over five grand in minutes, leaving millions in liquidations.Nevertheless, BTC managed to recover some ground on Thursday and even challenged $64,000 once again, but to no avail. It calmed in the following hours and now trades inches above $62,000.Its market cap, which placed it among the top 10 largest financial assets, is still well above $1.2 trillion. Its dominance over the alts has risen by 5% since February 27 and now stands at a two-month peak of 50.5% on CoinGecko.Alts Calm, too:The alternative coins skyrocketed as well in the past few days. Ethereum led the charge with gains that took it to well over $3,400. Although it still trades above that line, ETH is now 1% down on the day. So are Bina Coin , XRP, ADA, TRX, and LINK.Slightly bigger retracements are evident from the likes of Avalanche, Dogecoin, Polkadot, Polygon, and Shiba Inu. In contrast, SOL has continued its run with another 3% increase that has pushed it to nearly $135.The total market cap, which also charted a multi-year peak at $2.450 trillion, is now slightly down, but it is still above $2.4 trillion on CG.
