Glassnode: Bitcoin’s market dominance grows as Ethereum and stablecoins face declines

Bitcoin’s market dominance was reported to have risen from 38% in November 2022 to 56% today. Conversely, Ethereum, stablecoins, and altcoins experienced declines of 1.5%, 9.9%, and 5.9%, respectively. The Glassnode report also expounded on the recent decline that affected the crypto market.