Bitcoin Dominance Continues to Rise Bitcoin's dominance in the market has been on the rise since the beginning of 2021. As of now, the leading cryptocurrency holds around 45% of the total market cap of all cryptocurrencies. This steady increase in dominance signals a growing trust and confidence in Bitcoin from investors and traders. ETH's Struggle to Keep Up While Bitcoin's dominance has been on the rise, other major cryptocurrencies like Ethereum (ETH) have been struggling to keep up. ETH's dominance has dropped from over 15% at the beginning of the year to around 11% currently. This trend could be attributed to the rise of altcoins and their appeal to traders looking for quick profits. Altcoins on the Rise Altcoins, or alternative cryptocurrencies, have been gaining traction in the market as investors and traders look for more opportunities outside of Bitcoin. Popular altcoins such as Ethereum, Litecoin, and Ripple (XRP) have all...
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