Bitcoin's dominance index has been on a steady decline since August, indicating a shift towards altcoins. This trend is partly driven by the growing adoption of decentralized finance (DeFi) platforms, which have attracted high levels of liquidity and user interest. Meanwhile, Ethereum's price has been steadily rising, fueled by the increasing demand for its native asset, Ether.

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The decline in Bitcoin's dominance index is a signal of altcoin growth, and Ethereum's rising price is a clear beneficiary of DeFi's increasing popularity.