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