Let's take a closer look at the current situation and how it may affect the crypto market. Bitcoin Dominance: Is It Losing Ground? Bitcoin dominance, which measures the percentage of Bitcoin's market capitalization compared to the overall cryptocurrency market, has been steadily declining in recent weeks. This decline is largely due to the rise of alternative coins, also known as "altcoins," which have been gaining popularity and market share. This trend can be seen in the rise of popular altcoins such as Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE), which have experienced significant price increases and have captured the attention of investors. As Bitcoin's dominance decreases, these altcoins are becoming more and more attractive to traders and investors looking for potential high returns. Investor Sentiment: Fear or Greed? One of the key factors driving the current volatility in the crypto market is investor sentiment. Fear and greed are two ...
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