On March 9th, according to TradingView data, the Bitcoin dominance (BTC.D) has been above 60% since returning to that level on February 2nd, maintaining mostly above 60% for over a month. It is currently at 61.25%, and the market seems to be at a standstill. Analyst ai_9684xtpa shared historical data, showing that when Bitcoin dominance exceeded 60% in November last year, altcoins started a small bull market. In 2019 and 2021, Bitcoin dominance reached peaks above 70%, followed by a broad and impressive market rally.
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Bitcoin's market share remains high, and previously it has ushered in a general rise in the number of altcoins
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