BTC dominance hits one-month low as funds shift to altcoins

Bitcoin's (BTC) dominance has fallen to a one-month low of 54%, leading to an expansion in altcoin market share, according to a CryptoSlate analysis of CoinGecko data. The report noted that BTC dominance recently dropped from 58.12% to its current level. In contrast, the combined market capitalization of altcoins, excluding BTC, Ethereum (ETH), and stablecoins, has risen from 19.39% to 24.68%. The Fear & Greed Index, a measure of market sentiment, also increased from 12 to 24 this week. CryptoSlate explained that this trend reflects a shift of investor funds toward yield-bearing tokens, Solana ecosystem infrastructure projects, and certain bullish altcoins such as HYPE.