Bitcoin Dominance Remains High, Previously Witnessed a Spillover Rally of Altcoins

BlockBeats News, March 9th, according to TradingView data, Bitcoin Dominance (BTC.D) has been above 60% since returning to this level on February 2nd, persisting at or above 60% for over a month now, currently at 61.25%. The market seems to be at a standstill.

According to analyst ai_9684xtpa, historical data shows that when Bitcoin Dominance surged above 60% in November last year, altcoins kicked off a small bull run. In both 2019 and 2021, Bitcoin Dominance reached above 70%, followed by a broad and spectacular market rally.