Bitcoin Dominance Reclaims 60% Above, Altcoin Market Cap Drops Nearly 15% in Four Days

BlockBeats News, October 11th, according to market data, Bitcoin Dominance (BTC.D) has returned to above 60%, with a daily increase of 2.34%. The total cryptocurrency market cap is now reported at $3.848 trillion, with a 24-hour decrease of 9.1%.

The total market cap excluding Bitcoin (TOTAL 2) has dropped from a weekly high of $1.73 trillion to $1.48 trillion, a nearly 15% decrease in the past four days.

The market view generally believes that a significant increase in Bitcoin Dominance indicates that the altcoin season is nearing its end.