Bitcoin’s Grip Weakens as Altcoins Surge: Dominance Dips Below 62%

Bitcoin’s market dominance is experiencing a decline as altcoins surge in popularity. Recent data from Glassnode shows a drop in Bitcoin’s share of the crypto market, falling to 61.6%, compared with its previous 64.4% high. This shift coincides with Ethereum’s share climbing to 9.75%, while the combined value of all altcoins has risen to 22.35%. This trend signifies a growing interest in alternative cryptocurrencies amidst Bitcoin’s slight price pullback.