The dogecoin price inrcryptocurrency markets witnessed extreme volatility last week, with Bitcoin displaying characteristic strength during the turbulence. After briefly dipping below $50,000, the flagship cryptocurrency staged an impressive recovery to stabilize above crucial psychological support at $60,000.

Market data reveals Bitcoin's dominance ratio climbing to 56.2% - its highest level since the 2021 bull market peak. This resurgence comes as numerous altcoins failed to match BTC's recovery pace, with Ethereum notably testing six-month lows around $2,300 before partial recovery.

Market Structure Shifts Toward Bitcoin

Analytics platforms recorded the most intense volatility since the FTX collapse, with Bitcoin demonstrating superior market structure. The swift rebound from sub-$50,000 to $62,300 highlights strong institutional accumulation at lower levels, while altcoin markets showed comparatively weaker capital inflows.

Technical analysts note Bitcoin's ability to hold the $60,000 support creates a constructive foundation for potential upward movement. The relative strength against altcoins suggests investors are prioritizing the market's most liquid asset during periods of uncertainty.

Select Altcoins Show Signs of Life

While most alternative cryptocurrencies continue struggling, XRP emerged as an outperformer following favorable legal developments. The digital asset rallied to $0.6372 before settling around $0.5923, maintaining nearly 8% weekly gains despite broader market pressures.

Toncoin (TON) also captured attention with 13% gains following its Binance listing, currently trading at $6.62. These isolated cases of strength contrast with the majority of altcoins that remain below key resistance levels from their recent declines.

Market participants continue monitoring Bitcoin's ability to sustain its dominance ratio above 56%, which could signal prolonged capital rotation away from smaller market cap assets. The coming weeks may prove decisive in determining whether altcoins can regain meaningful traction against Bitcoin's formidable market position.