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As we approach September 2024, Bitcoin's dominance in the cryptocurrency market may decrease to 40%. The rise of altcoins and other blockchain projects is challenging Bitcoin's market share, as investors seek out new opportunities. Decentralized finance (DeFi), NFTs, and other innovations are driving this shift, leading to a more diversified market. This trend indicates that the market is maturing, with a greater emphasis on a variety of assets rather than just Bitcoin. While BTC will remain a key player, its dominance might reflect a more balanced and competitive ecosystem in the coming months.
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