Bitcoin Dominance Hits Nearly Four-Year High Today, Previously Followed by Altcoin Season Rally

BlockBeats News, March 13th, according to TradingView data, today's Bitcoin dominance (BTC.D) reached 62.29%, currently at 62.22%, hitting a nearly four-year high since March 2021. Since returning to over 60% on February 2nd, it has remained above 60% for most of the past month, and the market sentiment seems to be at a tipping point.

According to previous historical data, when Bitcoin dominance surged above 60% in November last year, altcoins started a mini bull run. In both 2019 and 2021, Bitcoin dominance had reached highs above 70%, followed by a broad and spectacular bull market.