Bitcoin Dominance Once Rose to 64.67%, Now Falls Back to 64.30%
April 23 news, according to TradingView data, Bitcoin dominance (BTC.D) once rose to 64.67% this morning, reaching its highest point since February 2021, and now falls back to 64.30%. The high level of Bitcoin dominance indicates the quietness of the altcoin market but may also suggest that a rebound could be imminent. Historical data shows that when Bitcoin dominance surged to 60% last November, the altcoin market witnessed a mini bull run. In 2019 and 2021, Bitcoin dominance reached high points of 70%, followed by a widespread 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.
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