Bitcoin dominance returns above 60%, while altcoin market cap drops nearly 15% in the past four days
BlockBeats News, October 11, according to market data, Bitcoin dominance (BTC.D) has returned above 60%, rising 2.34% in a single day. The total cryptocurrency market capitalization is now reported at $3.848 trillions, with a 24-hour decline of 9.1%.
The total market capitalization excluding Bitcoin (TOTAL 2) has dropped from this week's high of $1.73 trillions to $1.48 trillions, a nearly 15% decrease over the past four days.
Market opinion generally believes that a significant rebound in Bitcoin dominance means the altcoin season is nearing its end.
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
Recall opens RECALL airdrop claim portal
deBridge Season 2 Points Campaign Has Ended, Season 3 Campaign Now Launched
Shanghai Asset Management Association Issues Blockchain-Based Electronic Certificates to First Batch of AIAM Talents
Piggycell officially launches TGE and is about to be listed on major global CEXs
Trending news
MoreCrypto prices
More
