Key Takeaways

  • Altcoin market recovery lifts TOTAL3 index nearly 9% this week.

  • Bitcoin dominance falls 1.10% as BTC market share declines.

  • Ethereum market share drops 5.01% during the same period.

  • Shift in crypto market highlights growing altcoin momentum.

The altcoin market saw a recovery this week as the TOTAL3 index rose 9%, while Bitcoin and Ethereum lost market share.

Altcoin Market Recovery

The altcoin market experienced a notable rebound over the past week. The TOTAL3 index, which excludes Bitcoin (BTC) and Ethereum (ETH), climbed nearly 9%. This performance indicates renewed investor interest in digital assets beyond the two largest cryptocurrencies.

Market Context

During the same period, Bitcoin's dominance declined by 1.10%, while Ethereum’s market share fell 5.01%. This shift in the crypto market highlights increasing demand for altcoins, as capital rotated away from BTC and ETH.

Analyst Insights

Market analysts note that such movements often reflect investors seeking higher returns in alternative tokens when BTC and ETH consolidate. On-chain data also suggests greater trading activity in smaller-cap assets,

supporting the recent rise in altcoin prices.

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