Bitcoin dominance has reached approximately 60.05%, its highest level in one month, as BTC outperforms the overall cryptocurrency market. The brutal market crash on October 8 severely impacted major altcoins: Ethereum lost 6% to around $2,413, XRP 7.4% to $1.33, Solana 9.2% to $106.21, Dogecoin 8.3%, and Zcash 14%. Liquidations totaled nearly $900 million over 24 hours, affecting more than 150,000 traders. Rising oil prices driven by geopolitical tensions in the Middle East, with Brent crude above $105 per barrel, ranks among the key factors behind this crash.
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