Bitcoin still leads the scene - but alternative cryptocurrencies have finally started to catch up.

As Ethereum exchange-traded funds evolve and Solana's shares rise, capital may begin to rotate.

But for now, support levels are the key that will determine whether this recovery for alternative currencies will continue or not.

Although the cryptocurrency market has seen a slight decline in recent days, Bitcoin still dominates the market. This has resulted in alternative cryptocurrencies recording their weakest performance against Bitcoin in years.

The total market value excluding Bitcoin recovered by nearly 10% last week. The new week has started quietly for alternative currencies at a critical support level of $1 trillion. If this support area holds in the alternative cryptocurrency market, it may indicate that capital flowing into cryptocurrencies - currently dominated by Bitcoin - could begin to shift towards alternative cryptocurrencies. In particular, expectations regarding exchange-traded funds, the potential for interest rate cuts soon, and the launch of new products based on alternative cryptocurrencies may support this shift.

Many developments in the internal dynamics of the cryptocurrency market may also gradually shift investor sentiment in favor of alternative cryptocurrencies. Examples of this growing momentum towards alternative cryptocurrencies include the ongoing progress in Ethereum exchange-traded funds, the launch of a comprehensive ETF in Solana, and the increasing institutional interest in Bitcoin Cash.