✉news BusinessCrypto first seen 17 h ago, last 7 h ago, peak #16
Bitcoin's Dominance of Crypto Market Falls Below 60%
Original: Bitcoin Now Accounts for Less Than 60% of Total Crypto Market Value. History Says This Happens Next.
Bitcoin now makes up less than 60% of the total cryptocurrency market value, marking a drop in its dominance. Historical patterns cited in coverage suggest that when Bitcoin's share falls this low, alternative cryptocurrencies tend to outperform in the period that follows, fueling speculation about an upcoming shift in investor money toward altcoins.
Why now: Investors are watching bitcoin dominance levels as a signal for whether an altcoin season is beginning.
Rank over time, top of the chart is #1. 8 snapshots from 17 h ago to 7 h ago.
Evidence
- Bitcoin Now Accounts for Less Than 60% of Total Crypto Market Value. History Says This Happens Next. · Yahoo Finance
API: https://socialmediatrends-api.osmike.com/v1/trends/2703