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Altcoins Reclaim Market Share as Bitcoin Dominance Dips: Is Rotation Underway?

  • Bitcoin dominance has dropped from 64% to 61%, while Ethereum's share has increased to 9.7% and altcoins collectively surged to 22.3%.
  • Investors are showing renewed confidence in higher-beta crypto assets, leading to a decline in Bitcoin's dominance and a rise in altcoin market share.
  • Ethereum's growth is driven by Layer 2 innovations, staking participation, and anticipation of network upgrades, while altcoins in AI, DeFi, and gaming sectors attract speculative capital.
  • The shift in market dynamics suggests a potential rotation towards altcoins, with Bitcoin dominance hovering around 60%, signaling a possible early phase of market transformation.

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