Solana Hits New Record High as Layer 1 Tokens Follow Bitcoin’s Gains

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The bitcoin dominance ratio, which measures bitcoin’s market capitalization relative to the overall crypto market capitalization, dropped to as low as 44.62% over the weekend, earlier than it returned to roughly 45% on Monday, in line with TradingView. The lower within the dominance ratio previously few days indicated that at the least a part of bitcoin’s momentum had shifted to different tokens (altcoins).