The market share of Bitcoin reached a nearly four-year high today, previously followed by a general rise in other cryptocurrencies
According to TradingView data, the Bitcoin market share (BTC.D) reached 62.29% today, currently reported at 62.22%, setting a nearly four-year high since March 2021. Since returning to over 60% on February 2nd, it has maintained above this level for most of the time in more than a month, and the market seems to have hit rock bottom.
According to previous historical data, when Bitcoin's market share surged to over 60% in November last year, altcoins started a mini bull run. In both 2019 and 2021, Bitcoin's market share had once stood above the peak of 70%, followed by a broad bullish trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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