Bitcoin Dominance Hits 2021 Levels as MAG7 Captures 92.1% Market Share

The concentration of top-tier assets in the crypto market has returned to levels seen in 2021. According to data, among the top 100 crypto assets by market cap, excluding stablecoins, the 'Crypto Magnificent Seven' (MAG7) now accounts for 92.1% of the total market share. Bitcoin alone makes up a significant portion of this, with a 66.6% share.

This is a notable increase from five years ago and indicates that the current market growth is largely reliant on a small number of top-tier assets, while the broader altcoin market receives a relatively smaller share of capital.