On April 22, according to TradingView data, the Bitcoin market dominance (BTC.D) rose to 64.61% today, reaching a new high since February 2021. The high Bitcoin market dominance indicates the stagnation of the Altcoin market, but also indirectly suggests that a rebound is imminent.
Based on previous historical data, when Bitcoin's market dominance surged to 60% last November, Altcoins started a small bull market. In 2019 and 2021, Bitcoin's market dominance had also reached peaks above 70%, followed by a spectacular broad market rally.


