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A new chart published by market analyst DaanCrypto shows that Bitcoin’s dominance rate has reached 64.83%, and its upward trend shows no signs of stopping. The indicator represents Bitcoin’s market share relative to the total cryptocurrency market value, and its growth usually means that altcoins are underperforming against Bitcoin.

According to the analyst, the efforts of investment firms to accumulate Bitcoin and the selling pressure on many altcoins have led to a continuous increase in Bitcoin dominance.

The analysis also warns that investors should be more careful when choosing altcoins, as many of them will underperform Bitcoin over long periods of time.