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Bitcoin Dominance Peaks as Ethereum and Altcoins Gain Ground According to Foresight News, data from Glassnode indicates that Bitcoin's dominance reached a peak of 64.4% on May 8. Since then, Ethereum's dominance has increased to 9.75%, a rise of 3%, while altcoins have seen their dominance grow to 22.35%, up by 2%. Meanwhile, stablecoins have experienced a decline, dropping to 6.3%. Despite these changes, the dominance of Ethereum and altcoins remains below their previous peaks of 18% and 28.5%, respectively. This cycle continues to be driven primarily by Bitcoin. $ETH $BTC $USDC
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$SOL SHOWING SIGNS OF LIFE CAN BULLS TURN THIS AROUND❓ $SOL took a dive from $181.95 to a low of $169.76, shedding nearly 6.7% during the session. But the recent bounce from that low has sparked early signs of a potential reversal. Price is now hovering around $172.48 buyers are starting to push back, but the trend still needs confirmation above key levels. Current Price: $172.48 24h Volume: 3.09M Trend: Attempted bounce, not yet a confirmed reversal Trade Setup: Entry Zone: $172.00 – $173.00 TP1: $174.90 TP2: $177.80 Stop-Loss: Below $169.50 Keep an eye on price strength if SOL clears $174+ with strong volume, we could see a short-term recovery wave. SOL 170.68 -5.46% $SOL
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