Calls for altseason are a little quieter as Bitcoin dominance recovered after surging past $100,000 for the first time in history.
Bitcoin dominance — a measure of how much of the crypto market’s total value belongs to BTC — has rebounded as the asset hit a six-figure all-time high on Dec. 5, while most altcoins failed to shadow its gains.
Bitcoin (BTC) dominance recovered 4.4% over the past day, topping 57% as the asset surged to a record high of $104,000 on Dec. 5, according to TradingView.
Bitcoin’s market share had slid 11.5% from a three-and-a-half-year high of 61.8% on Nov. 21 to bottom out at 54.7% on Dec. 4 before its new rebound.
