Bitcoin's Performance Amidst Banking Turmoil and Market Fluctuations.
Bitcoin has outperformed other digital assets since mid-February, with its dominance as a percentage of total crypto market cap increasing to 47.7% from 43.9% in March, according to a report by Coinbase. The US banking system turmoil has reinforced bitcoin's store-of-value properties, and its existence outside of the traditional financial system offers a hedge against current conditions. Bitcoin's relative outperformance also reflects investor concerns about the regulatory status of other digital assets and thinner liquidity specific to some BTC versus stablecoin trading pairs.