Bitcoin's market share remains high, and previously it has ushered in a general rise in the number of altcoins
On March 9th, according to TradingView data, the Bitcoin dominance (BTC.D) has been above 60% since returning to that level on February 2nd, maintaining mostly above 60% for over a month. It is currently at 61.25%, and the market seems to be at a standstill. Analyst ai_9684xtpa shared historical data, showing that when Bitcoin dominance exceeded 60% in November last year, altcoins started a small bull market. In 2019 and 2021, Bitcoin dominance reached peaks above 70%, followed by a broad and impressive market rally.
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.
You may also like
Kuaishou’s Kling AI set to hit $100 M in sales
Share link:In this post: Kuaishou’s AI video tool Kling is set to hit $100 million in sales by February. Kling generated over 100 million yuan ($14 million) monthly in April and May. The platform uses a token system called “inspiration credits” to sell video creation services.
What Is Pi Network’s GCV and Why Is Everyone Talking About It?
Here’s What 2,000 XRP Could Be Worth by the End of 2025
Trending news
MoreCrypto prices
More
