Bitcoin dominance returns above 60%, while altcoin market cap drops nearly 15% in the past four days

BlockBeats News, October 11, according to market data, Bitcoin dominance (BTC.D) has returned above 60%, rising 2.34% in a single day. The total cryptocurrency market capitalization is now reported at $3.848 trillions, with a 24-hour decline of 9.1%.

The total market capitalization excluding Bitcoin (TOTAL 2) has dropped from this week's high of $1.73 trillions to $1.48 trillions, a nearly 15% decrease over the past four days.

Market opinion generally believes that a significant rebound in Bitcoin dominance means the altcoin season is nearing its end.