Bitcoin’s dominance has slipped slightly, from 66% to around 60%, but that doesn’t change the bigger picture.
Over the last few years, Bitcoin has been the primary driver behind the expansion of the entire crypto market.

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According to market data on July 21, the Bitcoin market dominance (<BTC.D>) dropped by 5.66% over the past week, currently standing at 60.95%. During the same period, the total cryptocurrency market capitalization increased by 4.35%, with the total market cap excluding Bitcoin (<TOTAL 2>) rising by 15.13%, and the total market cap excluding Bitcoin and Ethereum (<TOTAL 3>) increasing by 11.03%.

Bitcoin's market share fell 5.66% in the past week and is now at 60.95%.

SpaceX's previously purchased Bitcoin has moved slightly, and it's unclear what they're planning. The quantity is not large, around a thousand, which was probably bought for 30-40 million and is now worth around 150 million.

Almost forgot, they bought Bitcoin earlier, with US companies buying Bitcoin as a reserve, and Musk's version was three years ahead.

Musk pioneered the "BTC treasury" gameplay, leading the market by three years?

On July 21, ARK Invest CEO Cathie Wood continued to draw attention by adjusting the portfolios of three ETFs managed by the company. The most notable move was ARK selling a large number of shares...

ARK Invest CEO Sells Coinbase Stock to Invest in Ethereum Reserve Company

In just a decade, crypto’s total market cap has grown from a few billion dollars to nearly $4 trillion and Bitcoin alone accounts for 60% of that.
As crypto continues to become more accessible to traditional finance, there’s a strong case that this growth trend still has room to run.
Follow @ecoinometrics for more data-driven insights on Bitcoin and macro.