Bitcoin's dominance in the crypto market has been on a steady decline, with altcoins gaining traction. Over the past month, the total market cap has increased by 10%, with Ethereum, Binance Coin, and Cardano making significant gains. A shift towards decentralized finance (DeFi) and institutional investment could be driving this growth.

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The rise of altcoins like Ethereum, Binance Coin, and Cardano is indicative of a broader trend away from Bitcoin dominance. DeFi and institutional interest are key drivers of this market shift, reflecting growing diversity and maturity in the crypto space.