Bitcoin Dominance Down As Market Hits $2 Trillion, Altcoins Are Taking Over

Bitcoin market dominance continues to decline as the markets make their way back up the charts. The top cryptocurrency has seen its market share consistently dropping as investors get interested in altcoins. Over the five years since it has been in operation, Ethereum now has a bit under half the market dominance of the digital asset. This has translated to altcoins like Ethereum rallying despite what direction the price of bitcoin is headed. Now, once again, as is the same with all bull markets, the altcoins are breaking away from the influence of bitcoin. As the bull rally continues to rage on, alts are creeping up to steal more market share for themselves. Just this year alone, BTC has lost over 30% of market dominance. Starting out the year in the 73% range, to where it now sits at 44.13%. BTC market cap dominance down to 44% | Source: Market Cap BTC Dominance on TradingView.com Related Reading | Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market Although BTC continues to have the highest market cap of all, alts are seeing increasing numbers. Ethereum’s market cap has seen another upward trend that is sending the asset’s total market cap towards $400 billion. Coming hot on the heels of the London Hard Fork that brought increased interest into the asset. Total Market Cap Hits $2 Trillion The crypto total market cap took a severe beating down three months back when it crashed down from i...