Bitcoin’s market share rises to a nearly four-year high after more than ushering in a subsequent cottage poo
BlockBeats News – Today, April 22, Bitcoin’s market share (BTC.D) pulled up to 64.61%, a new high since February 2021, according to TradingView. Bitcoin’s high market share is a sign that the cottage market is quieting down, but it’s also a sign that a bottoming out is on the way.
According to previous historical data, when bitcoin’s market share hit 60% in November last year, cottage coins started a small bull market. In 2019 and 2021, bitcoin’s market share hit a high of 70 percent, followed by a wave of generalized gains.