Bitcoin Market Dominance Reaches Nearly Four-Year High, Followed by Subsequent Altcoin Surge

April 22 news, according to TradingView data, Bitcoin market dominance (BTC.D) surged to 64.61% today, reaching its highest point since February 2021. The high Bitcoin market dominance indicates a quiet altcoin market but also suggests an imminent bottom rebound. Historical data shows that in November last year, when Bitcoin market dominance rose to 60%, altcoins began a bull run. In 2019 and 2021, Bitcoin market dominance also reached a high of 70%, followed by a broad and sweeping surge.