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TechFlow reports on October 29, according to TradingView data, the ratio of the total market valuation of altcoins (excluding the top ten largest cryptocurrencies by market cap) to Bitcoin's market capitalization (OTHERS/BTC) has dropped to 0.16, meaning it accounts for only 16% of Bitcoin's market cap—the lowest level since January 2021. Previous report indicated that Bitcoin’s market dominance reached 59.92%, the highest since March 31, 2021.
According to TradingView data, the ratio of total market capitalization of altcoins (excluding the top ten largest cryptocurrencies by market cap) to Bitcoin's market cap (OTHERS/BTC) has dropped to 0.16, meaning altcoins now account for only 16% of Bitcoin's market cap—the lowest level since January 2021. Previously, Bitcoin's market dominance reached 59.92%, a new high since March 31, 2021.
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