The bitcoin dominance ratio, which measures bitcoin’s market capitalization relative to the total crypto market capitalization, dropped to as low as 44.62% over the weekend, before it returned to roughly 45% on Monday, according to TradingView. The decrease in the dominance ratio in the past few days indicated that at least part of bitcoin’s momentum had shifted to other tokens (altcoins).
Solana Hits New Record High as Layer 1 Tokens Follow Bitcoin’s Gains
