Despite the fact that Bitcoin (BTC) has experienced a decline in value, it is important to note that this downward trend is not exclusive to BTC alone. Other cryptocurrencies, such as Ethereum (ETH) and various altcoins, have also witnessed price corrections. Interestingly, the overall decrease in the market value of altcoins has actually allowed Bitcoin’s dominance to increase once again, following a significant drop on April 28. As of now, Bitcoin’s dominance stands at 50.9%. It is worth mentioning that the selling pressure on BTC has eased in recent hours, owing to a decrease in exchange reserves.
