Bitcoin’s market capitalization has exceeded half of the total cryptocurrency market capitalization. According to TradingView data, Bitcoin’s dominance fell to a bottom of 39.9% around November 2021 due to the collapse of FTX, but Bitcoin’s market dominance has been rising since then. trend, jumping from 43.5% in mid-March to 47.7%, followed by another sharp rise in Bitcoin market dominance in early June, rising from 47.4% to 49.1% at the close of the first week of June, and then rising now. to 50.06%.