Nevertheless, the downturn is not exclusive to BTC alone. Ethereum (ETH) and numerous other alternative cryptocurrencies have also experienced price corrections. The overall decrease in the market value of these altcoins has allowed Bitcoin’s dominance to once again ascend following a significant decline on April 28th. As of the present moment, Bitcoin’s dominance stands at 50.9%. The selling pressure on BTC has lessened in recent hours due to a reduction in exchange reserves.
