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Bitcoin Dominance Increases as Altcoins Retrace Amid SEC Actions

Bitcoin's dominance over altcoins has increased by approximately 1% in just a few days due to recent developments in the SEC-crypto industry front. Cardano has dropped by over 4% while other larger-cap altcoins are slightly in the red. Bitcoin's market capitalization remains just over $510 billion, but its dominance over altcoins has increased to 46.7%. The total crypto market cap has managed to defend the $1.1 trillion level in the past day after a dip on Monday and Tuesday.

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