Market dominance has continued to decline, bottoming below 40% this week. That’s very close to the all-time low of 36.7% from January 2018, according to data from TradingView.
Bitcoin market dominance () refers to the relationship between the market capitalization of BTC and the total market capitalization of cryptocurrencies.
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It is not the first time that its dominance has fallen in 2021. As early as May, Cointelegraph reported that BTC had fallen to represent only 40.3% of the combined capitalization of crypto assets, according to CoinMarketCap, and approached the same level again in September.
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