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Bitcoin dominates the largest share of the cryptocurrency market, and this dominance is known as "Bitcoin Dominance".
Recently, Bitcoin dominance has seen a noticeable decline, reaching its lowest level in 6 months. This decline indicates that alternative cryptocurrencies (Altcoins) have begun to grow at a faster pace than Bitcoin.
This growth is particularly attributed to the renewed strength of Ethereum, which benefits from the introduction of new supportive legislation for cryptocurrencies, opening the door to broader global adoption.
This shift in the market indicates the evolution of the investment landscape and increased confidence in other cryptocurrencies alongside Bitcoin.
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