The Bitcoin market dominance rate increased to 50.2% earlier on Monday, its highest level in a month and near a 26-month high of 52% hit at the end of June

Bitcoin has been running in place for the last month – its current price of $26,700 essentially flat from 30 days ago – but its market dominance has been on the increase as risks grow for the rest of the crypto currency sector.

The Bitcoin market dominance rate, which tracks the token’s share of the total digital asset market, increased to 50.2% earlier on Monday, its highest level in a month and near a 26-month high of 52% hit at the end of June.

Taking a wider view, bitcoin’s market dominance was in a range between 39% and 49% for over two years before it broke out to that 52% level in June after asset manager BlackRock’s filing for a spot BTC exchange-traded fund (ETF) prompted hopes about unleashing huge inflows into the asset.

Markus Thielen, research head at crypto services provider Matrixport, described in an interview Monday with CoinDeskTV that BTC enjoys more “potential buying pressure” from the ETF listings, while alternative crypto currencies – also called altcoins – may be on the verge of breaking lower. He observed bankrupt exchange FTX’s token sales, dropping Ethereum protocol revenues and forthcoming token unlocks – which let VC investors sell tokens – among risks on the altcoin market.

Bitcoin peaked so far this year in July, while ether peaked in April, Thielen said. All these (ETF) announcements have not really benefitted altcoins, not even ether.

Macro analyst Noelle Acheson noted that bitcoin would likely benefit from the latest regulatory changes put forward by the New York Department of Financial Services (NYFDS) Monday, including stricter rules to list crypto currencies on exchanges while simultaneously green-listing bitcoin as a digital asset that license holders can list or custody without further regulatory barriers.