Bitcoin has actually held up pretty well this week. Last week, it nearly fell below $80,000, but then started rebounding over the weekend. It’s rallied quite a bit since the late-June low of nearly $58,000, but it’s still a long way from last October’s peak of over $120,000. A lot of people see it as stable, but behind the scenes, capital is concentrating in Bitcoin—its market share (dominance) has climbed to nearly 60%, with some reports even putting it at 60.7%. The idea is simple: people don’t want to spread their money around recklessly, so they’re sticking with the leader.