Bitcoin dominance exceeds 60%: Is there still hope for an altcoin season?

Bitcoin's dominance in the cryptocurrency market recently surpassed 60%, a level not recorded since 2021.

However, the significance of this figure today exceeds what it was four years ago, due to the shift in the deep structure of this sector and the unprecedented increase in the number of alternative cryptocurrencies.

In 2021, the market consisted of around 3,000 to 4,000 active cryptocurrencies.