Bitcoin Dominance Dips: Can Ethereum and Altcoins Lead Next?

After three years of dominance, Bitcoin’s share of the cryptocurrency market has begun to recede. This pullback, marked by a drop below 62% from its recent peak of 62.24%, is giving rise to concerns about Bitcoin’s continued lead. Ethereum and other altcoins are now seeing a resurgence, with traders watching for further signs of a shift in market dominance. Ethereum has been notably strong during this period of decline, capitalizing on the waning influence of Bitcoin. This potential surge in alternative coins could spark broader market shifts if the trend continues.