Bitcoin (BTC), the world’s largest digital currency, jumped above $60,000 on April 11 after a significant rise in demand. The cryptocurrency is currently trading near $60,200 with a market cap of more than $1.1 trillion.
According to the latest data published by Coinmarketcap, the market dominance of Bitcoin has plunged since the start of this year. BTC’s current market dominance stands at around 54%, down from 70% in January 2021. The market dominance of BTC has reached its lowest level since April 2019.