Summary
- The Block reported that Bitcoin (BTC) dominance recently fell from 62% to 55%.
- This has raised the possibility of an altcoin bull market, but TradingView shows 58.40%.
- BTC was reported to have risen 1.49% from the previous day on the Binance Tether (USDT) market.
On the 3rd (local time), crypto asset (cryptocurrency)-specialized media The Block reported that Bitcoin (BTC) dominance (market capitalization share) recently fell from 62% to 55%, raising the possibility that an altcoin rally may be approaching.
However, according to TradingView, it still stands at around 58.40%, so some analyses say it is too early to conclude that it has shifted to a full-fledged altcoin season.
BTC was trading at 112,096.76 dollars, up 1.49% from the previous day, on the Binance Tether (USDT) market at 03:30 on the 4th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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