Bitcoin Market Dominance Drops 4.8% Amid Rising Cryptocurrency Market Capitalization
Market data from July 18 reveals a notable shift in the cryptocurrency landscape, with Bitcoin market dominance (BTC.D) declining by 4.8% over the past week to 61.67%. This contraction indicates a growing investor interest in alternative digital assets. Concurrently, the overall cryptocurrency market capitalization expanded by 4.43%, reflecting increased liquidity and market activity. More specifically, the market cap excluding Bitcoin (TOTAL 2) surged by 13.19%, while the segment excluding both Bitcoin and Ethereum (TOTAL 3) rose by 10%, underscoring the rising prominence of altcoins in portfolio diversification strategies. These trends highlight a dynamic market environment where investors are reallocating capital beyond the dominant cryptocurrencies, signaling evolving market sentiment and potential opportunities in the broader crypto ecosystem.