Bitcoin’s dominance continues to grow, reaching 61.5% on November 21, the highest since March 2021. It also pushed the total crypto market cap to an all-time high of $3.28 trillion.
Meanwhile, Ethereum continues to weaken, remaining flat on the day and trading at $3,100 at the time of writing. The ETH/BTC ratio is also at its lowest in three and a half years.
Most altcoins are also in the red today as Bitcoin continues to take market share from them. Dogecoin (DOGE), Shiba Inu (SHIB), Sui (SUI), and most memecoins suffered the biggest losses as hopes for an altcoin season faded. However, most of them have now managed to recover a significant portion of their recent losses.