Bitcoin’s Market Dominance Wanes as Cryptocurrency Cap Rises

Recent data reveals a decline in Bitcoin’s market dominance, specifically its BTC.D metric. Over the past week, it has dropped by 3.98%, currently standing at 59.32%. Concurrently, the total cryptocurrency market capitalization witnessed a notable increase of 9.08%. Excluding Bitcoin, the overall market cap (TOTAL 2) surged by 16.18%, and excluding both Bitcoin and Ethereum, the market cap (TOTAL 3) increased by 10.52%.