Bitcoin's dominance index has been steadily declining since January, now sitting at 48.3%. This shift could indicate a growing interest in alternative cryptocurrencies and a potential shift in market leadership. Meanwhile, altcoins like Ethereum and Binance Coin are gaining traction, with ETH's price up 15% in the past week.

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Bitcoin's declining dominance index suggests a diversification in the crypto space, with Ethereum and Binance Coin emerging as strong contenders. ETH's recent price gain underscores the growing appetite for altcoins.