Summary
- Bitcoin dominance fell to 61.7% over the past week.
- During the same period, the total cryptocurrency market capitalization increased by 4.43%, and the market cap excluding Bitcoin rose by 13.19%.
- It was interpreted in the market that Bitcoin’s market capitalization share decreased as the rebound led by altcoins became more evident.
Bitcoin (BTC) dominance has been on a downward trend over the past week, recording 61.71%.
According to TradingView on the 18th, Bitcoin dominance dropped by 4.8% points in a week, coming to 61.67%. During the same period, the total cryptocurrency market capitalization increased by 4.43%, while the market cap excluding Bitcoin (TOTAL2) rose by 13.19%. Furthermore, the market cap excluding both Bitcoin and Ethereum (TOTAL3) also showed a 10% increase.
In the market, it is interpreted that Bitcoin's share of market capitalization has decreased as the rebound led by altcoins has become more pronounced.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
