BlockBeats News, August 9th, according to market data, Bitcoin Dominance (BTC.D) has dropped below 60%, decreasing by 3.1% in the past week, now standing at 59.98%.
The total crypto market cap has increased by 6.9% in the past week, the total market cap excluding Bitcoin (TOTAL 2) has risen by 11.94%, and the total market cap excluding Bitcoin and Ethereum (TOTAL 3) has gone up by 8.58%.
The market view generally holds that the continued decline in Bitcoin Dominance signifies the possible onset of altcoin season.