Bitcoin Dominance Down 2.5% in Two Days, Currently at 63.46%

BlockBeats News, May 10th, according to TradingView data, Bitcoin Dominance (BTC.D) has dropped by 2.5% in the past two days, now standing at 63.46%. The high point observed two days ago was 65.48%.

A high Bitcoin dominance rate indicates the quietness of the altcoin market, but it also suggests that a market rebound is imminent. According to previous historical data, when Bitcoin dominance surged above 60% in November last year, altcoins kicked off a small bull market. In both 2019 and 2021, Bitcoin's market dominance reached above 70%, followed by a general uptrend.