Bitcoin's dominance in the cryptocurrency market continues to influence the prices of other altcoins like Ripple and Solana.
Bitcoin's dominance has slightly increased to 62.91%, and a decline in exchange balances indicates investors are moving assets off centralized platforms.
Solana is gaining traction as asset managers submit applications for spot Solana ETFs, and JPMorgan projects a price target of $500 for SOL by 2026.
Ripple is making strides toward mainstream adoption with XRP futures launched on CME Group, despite its price facing pressure and currently trading at $2.30.