Bitcoin's market share has been steadily shrinking over recent months, which might indicate a potential surge for altcoins.
The altcoin market cap has increased to $824 billion, reflecting growing interest and investment in these alternative cryptocurrencies.
Market data from TradingView reveals that Bitcoin's dominance has declined by 1% in recent times, suggesting a shift in investor preferences.
Both Bitcoin and Ethereum have seen a reduction in their market dominance, highlighting the rising prominence of other altcoins.
This trend could signify changing dynamics in the cryptocurrency market, with altcoins gaining more traction among investors.
