Bitcoin Still Dominates the Cryptocurrency Market Cycle

Bitcoin's dominance peaked at 64.4% on May 8 and has since declined. During the same period, Ethereum's market share increased to 9.75%, up 3%, while altcoins rose to 22.35%, up 2%, and stablecoins fell to 6.3%. Although Ethereum and altcoins have shown some recovery, they are far from reaching historical highs of 18% and 28.5%, respectively, as Bitcoin continues to dominate the market cycle.