Since September 2022, Bitcoin Dominance (BTC.D) has been climbing from a low of just under 39% to a current level of 59%. This rise indicates a strong preference for Bitcoin over altcoins during this period.
However, at this level, analysts speculate that Bitcoin might soon face a reduction in its dominance as altcoins potentially gain popularity and market share. Investors are watching the crypto market dynamics to understand whether 60% could represent a peak for Bitcoin's dominance.
