Analysis: Crypto market concentration returns to 2021 levels, with Bitcoin accounting for 66.6% of the Top 100 market cap

Odaily News  Data shows that the concentration of top-tier assets in the crypto market has returned to 2021 levels. Excluding stablecoins, among the top 100 crypto assets by market cap, the "Crypto Magnificent Seven" (MAG7) has seen its market cap share rise to 92.1%, with Bitcoin alone accounting for 66.6%, significantly higher than five years ago. This means that the overall growth of the current market is increasingly reliant on a small number of top-tier assets, while the broader altcoin market is receiving a noticeably smaller share of capital.