According to Foresight News, data from Glassnode shows that the dominance of BTC declined after reaching a peak of 64.4% on May 8. The dominance of ETH rose to 9.75%, altcoins increased to 22.35%, while stablecoins fell to 6.3%. Nevertheless, the dominance of ETH and altcoins remains below their historical peaks, indicating that the current cycle is still driven by BTC.
BTC Dominance Declines, ETH and Altcoin Dominance Increases
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AI Summary
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BTC
105,159.99
+1.86%
ETH
2,435.21
-1.66%
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