Bitcoin's dominance index has been trending downwards since May, indicating a shift in investor sentiment towards altcoins. Meanwhile, the correlation between the S&P 500 and Bitcoin has strengthened, suggesting a potential safe-haven effect. As markets remain volatile, consider diversifying your portfolio with a mix of traditional stocks and cryptocurrencies.

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The recent shift towards altcoins is an opportunity to rebalance our portfolios. However, it's essential to maintain a diversified mix of traditional stocks and cryptocurrencies to mitigate risk in these volatile markets.