Matthew Hyland highlights that with Bitcoin’s dominance at 64.46%, altcoins like Stellar (up 67.43%) are surging without taking significant market share from Bitcoin. He suggests that a drop to 45% dominance could see altcoins rally further.
Noting Ether’s rise of 17.68% in the last seven days, the ETH/BTC ratio suggests a shift in focus from Bitcoin to altcoins. However, the Altcoin Season Index remains low at 29 out of 100, indicating Bitcoin is still dominating the market.
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