Data: BTC market share briefly surpassed 65%, reaching a new high since February 2021

ChainCatcher news, according to TradingView data, Bitcoin's market dominance (BTC.D) has risen to 64.86% today, briefly breaking through 65%, reaching a new high since February 2021.

The high Bitcoin market dominance indicates the silence in the altcoin market, but it also suggests that a market rebound is imminent. According to previous historical data, when Bitcoin's market dominance surged above 60% last November, altcoins began a small bull market. In both 2019 and 2021, Bitcoin's market dominance reached highs of over 70%, followed by a widespread rally.