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.
