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.
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