Bitcoin Dominance Drops Below 60%, Altseason May Be on the Horizon

BlockBeats News, August 9th, according to market data, Bitcoin Dominance (BTC.D) has dropped below 60%, decreasing by 3.1% in the past week, now standing at 59.98%.

The total crypto market capitalization has increased by 6.9% in the past week, with the total market capitalization excluding Bitcoin (TOTAL 2) rising by 11.94%, and the total market capitalization excluding Bitcoin and Ethereum (TOTAL 3) rising by 8.58%.

The market view generally believes that the continued decline in Bitcoin dominance signifies the potential onset of Altseason.