Ethereum

Bitcoin

Billion

Coin

<ul class="wp-block-list news-points">
 <li><strong>Bitcoin dominance is approaching a key multi-year resistance level around 56.85%.</strong></li>
 <li><strong>Historical patterns suggest a potential “Alt-Season” if Bitcoin dominance faces rejection.</strong></li>
 <li><strong>Altcoins could see significant gains as Bitcoin dominance trends downward.</strong></li>
</ul>
<p>Bitcoin’s market share has steadily shrunk over the past few months, a trend that could signal a surge for altcoins. In line with this shift, the altcoin market cap has gradually increased to $824 billion.</p>
<h2 class="wp-block-heading" id="h-bitcoin-and-ethereum-dominance-decline">Bitcoin and Ethereum Dominance Decline</h2>
<p>Market data from TradingView shows <a href="https://www.tradingview.com/symbols/BTC.D/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s dominance (BTC.D)</a> has decreased by 1% over the past week and 1.36% over the past month. At press time, BTC.D hovers around 56.93%.</p>
<p>Similarly, Ethereum’s market <a href="https://www.tradingview.com/symbols/ETH.D/" target="_blank" rel="noopener noreferrer nofollow">dominance</a> has dropped by 2.11% over the past week and 3.44% over the past month. Looking at it from a six-month timeframe, Ethereum’s market dominance has dropped by 20.1%.</p>
<p>Observing this data, crypto commentator Sheldon Sniper, a host at Crypto Banter, <a href="https://x.com/Sheldon_Sniper/status/1833069964330148014" target="_blank" rel="noopener noreferrer nofollow">expressed </a>that altcoins could be setting out for massive gains.</p>
<h2 class="wp-block-heading" id="h-altcoin-market-cap-grows">Altcoin Market Cap Grows</h2>
<p>According to market data, the altcoin market is currently valued at $824 billion, a significant increase from the $780 …</p>
<p>The post <a href="https://coinedition.com/bitcoin-dominance-slips-as-altcoin-market-cap-soars-to-824-billion/" rel="noopener noreferrer nofollow">Bitcoin Dominance Slips as Altcoin Market Cap Soars to $824 Billion</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Dominance Slips as Altcoin Market Cap Soars to $824 Billion

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