# Bitcoin, Ethereum, and Stablecoins Market Cap Dominance Drops 2.7%
According to data released by CryptoCompare on April 12th, the combined market cap dominance of Bitcoin (BTC), Ethereum (ETH), and stablecoins has dropped 2.7%. The dominance of BTC, ETH, and stablecoins had been relatively steady in the first quarter of 2021, but this recent drop indicates a potentially significant shift in the crypto asset landscape.
## Decline in BTC, ETH, and Stablecoin Combined Market Cap Dominance
CryptoCompare data shows that the combined market cap dominance of Bitcoin, Ethereum, and stablecoins has dropped from a high of 76.5% on March 29th to 73.8% as of April 12th. This decline represents a 2.7% drop in market cap dominance over the past two weeks.
## Other Cryptocurrencies Make Gains
While BTC, ETH, and stablecoins have seen their combined market cap dominance decline, other cryptocurrencies have been making gains. The combined market cap of all other cryptocurrencies, excluding BTC, ETH, and stablecoins, has risen from 23.5% on March 29th to 26.2% as of April 12th. This surge in market cap dominance can be attributed to the recent price increases in altcoins such as Cardano (ADA) and Polkadot (DOT).
## Potential Implications
The decline in the combined market cap dominance of BTC, ETH, and stablecoins is a noteworthy development and could have implications for the crypto asset landscape. This shift could indicate that investors are beginning to diversify their portfolios with investments in altcoins. If this trend continues, it could lead to increased demand for altcoins and further price appreciation.