Today, Bitcoin's market share is reported at 61.45%, exceeding a month of continuous high position
According to TradingView data, the Bitcoin market share (BTC.D) is reported at 61.45% today, maintaining above 60% since February 25th and continuously occupying a nearly four-year high since March 2021.
The high market share shows the silence of the altcoin market, with conditions remaining at freezing point, but it also indirectly indicates that a rebound from the bottom is imminent.
According to previous historical data, when Bitcoin's market share surged to over 60% in November last year, altcoins began a small bull run.
In both 2019 and 2021, Bitcoin's market share had reached highs of over 70%, followed by grand bullish trends across the board.
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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