Bitcoin Market Share Drops 2.5% in Two Days, Currently at 63.46%

According to TradingView data, Bitcoin's market dominance (BTC.D) has decreased by 2.5% over the past two days, currently reported at 63.46%. The observed high two days ago was 65.48%.

A high Bitcoin market dominance indicates a quiet altcoin market, but it also suggests an impending market rebound. According to previous historical data, when Bitcoin's market dominance surged to 60% last November, altcoins began a mini bull market. In 2019 and 2021, Bitcoin's market dominance reached a high of 70%, followed by a broad market rally.