Bitcoin Dominance Drops 2.35% to 58.23%, Hits New Low Since January as Altcoin Market Caps Rise

COINOTAG data dated August 24 shows Bitcoin dominance (BTC.D) contracted by 2.35% over the past week to 58.23%, marking its lowest reading since January. This measurable decline in dominance denotes a shift in market share away from Bitcoin when evaluated against standard market-cap benchmarks.

During the same period the total crypto market cap ticked up 0.24%, while TOTAL 2 (market cap excluding Bitcoin) rose 3.69% and TOTAL 3 (excluding Bitcoin and Ethereum) increased 1.48%. These on-chain market-cap metrics indicate a modest broadening of capitalization among altcoins, with implications for index tracking and relative-weight portfolio assessments.

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