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Bitcoin Dominance Rate Reaches Above 60%, Altcoin Market Value Drops Nearly 15% in Four Days

Summary: According to market data, the Bitcoin dominance rate (BTC.D) has returned to above 60%, rising 2.34% in a single day. The total market value of cryptocurrencies is now reported at $3.848 trillion, with a 24-hour decline of 9.1%. Excluding Bitcoin, the total market value (TOTAL 2) has dropped from a weekly high of $1.73 trillion ...

According to market data, the Bitcoin dominance rate (BTC.D) has returned to above 60%, rising 2.34% in a single day. The total market value of cryptocurrencies is now reported at $3.848 trillion, with a 24-hour decline of 9.1%. Excluding Bitcoin, the total market value (TOTAL 2) has dropped from a weekly high of $1.73 trillion to $1.48 trillion in the past four days, a decrease of nearly 15%. Market observers generally believe that the significant increase in Bitcoin dominance rate indicates that the altcoin season rally is nearing its end.

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Link: Bitcoin Dominance Rate Reaches Above 60%, Altcoin Market Value Drops Nearly 15% in Four Days [Copy]

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