Is this a sign that Bitcoin is losing its grip on the market, or is it merely a temporary dip in an otherwise dominant trend?dominance has slipped below a significant threshold of 50%, reflecting a zoomed-out projection of its weakening hold on the crypto market.During the early crypto era, it commanded over 90% of the market, but the 2017 bull run marked a shift as altcoins surged, reducing its dominance to below 40%.
This cycle-driven ebb and flow highlights how evolving narratives, technological innovations, and investor preferences shape the market, leaving Bitcoin to compete with an increasingly diverse ecosystem of digital assets.The transition of capital into altcoins indicates a potential altcoin season, as shown by the ranking of coins based on active addresses.The transaction rankings further emphasize TRON’s dominance, with 7.41 million transactions showcasing its growing role in payments and DeFi.