Bitcoin’s market dominance has dropped to 57.8%, with XRP and Dogecoin showing significant gains. XRP increased by 7.5% to $3.29, while Dogecoin surged 6.2% to $0.22. Ethereum also surpassed $4,000 for the first time since December. Analysts suggest that Bitcoin's structural changes, influenced by institutional buying and upcoming ETF approvals, will alter the market's dynamics. Despite fluctuating dominance, the ongoing institutional interest in Bitcoin remains robust, with projections suggesting a more stable future for Bitcoin prices in contrast to prior cycles. Altcoin season could emerge again, but it may not be as explosive as in the past, focusing more on projects with tangible utility due to recent regulatory developments in the U.S. Overall, the altcoin market is robust, buoyed by favorable market conditions, while Bitcoin's position consolidates at a lower dominance level.

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