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The cryptocurrency market is witnessing a significant shift as Bitcoin’s dominance rises sharply while major altcoins experience declining market shares. According to the latest data, Bitcoin’s market dominance has surged from 54% at the end of last year to 60.6%, while leading altcoins Ethereum and Solana have dropped from 12.45% to 8.5% and from 2.82% to 2.51%, respectively. Meanwhile, the total cryptocurrency market capitalization has shrunk by nearly 20%, amplifying concerns over market-wide instability.

This shift reflects investors reallocating funds toward more stable assets, as stablecoins pegged to the U.S. dollar have gained market share, indicating a growing risk-averse sentiment. Analysts suggest that structural limitations and network constraints in the altcoin space are further contributing to this trend, leading to heightened short-term volatility.

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