While Bitcoin is consolidating 10% away from its all-time high, altcoins are collapsing, erasing most of the gains made in the March crypto market rally. There are several factors contributing to the decline of altcoins. These include the decline of Ethereum and US economic data and high inflation. Ethereum usually leads altcoin markets and is down 10% since late May. There is uncertainty regarding Ethereum ETFs because they have been approved but not yet listed for trading. Bitcoin dominance is also a big factor. It is currently high at 55.4% and has been rising since December. However, given that the Ethereum ETF is set to list in the coming weeks, it seems unlikely that Bitcoin dominance will remain at this level. Crypto analyst 'cyclop' noted that altcoins peaked after exactly 546 days in the last two cycles. If the cycle repeats, it may be the last chance to buy the dip before altcoins go parabolic. Total market capitalization remained at $2.54 trillion over the weekend. While Bitcoin remains in its range, most altcoins continue to decline. 📉📊