Bitcoin's market share has risen to a four-year high, following a general rise in the number of altcoins

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ODAILY
04-22
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According to Odaily, market data shows that today's Bitcoin market dominance (BTC.D) has risen to 64.61%, reaching a new high since February 2021. The high Bitcoin market dominance indicates the stagnation of the Altcoin market, but also indirectly suggests that a rebound is imminent. Based on previous historical data, when Bitcoin's market dominance surged to 60% last November, Altcoins initiated a small bull market. In 2019 and 2021, Bitcoin's market dominance also reached peaks above 70%, followed by a widespread market rally.

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