Breaking News:
Bitcoin's market dominance has decreased now,
A decrease in Bitcoin's market dominance means that the value of Bitcoin compared to the total market value of all cryptocurrencies has dropped.
Further clarification:
"Bitcoin Dominance" is the percentage that represents the value of Bitcoin compared to the total market capitalization of all cryptocurrencies.
For example: If the value of Bitcoin is 1 trillion dollars and the total cryptocurrency market is 2 trillion, then its dominance = 50%.
When Bitcoin's dominance decreases:
This means that other cryptocurrencies (such as Ethereum, Solana, Dogecoin...) are growing faster or gaining more interest from investors.
It may indicate that investors are entering what is known as "Altcoin Season."
It may also indicate market diversification and increased confidence in other projects besides Bitcoin.