As of last year, when bitcoin -- and crypto in general -- were riding the wave of exorbitantly high prices, the dominance enjoyed by the world's leading crypto took a dip as money flowed into altcoins and other crypto tokens.

Indeed, bitcoin's dominance dropped significantly from 63% in January 2021 to just 42% by May. It then slipped even further to a bottom of 40% during December.

The altcoin bull run that followed bitcoin's price hike last year was a much-expected and predictable reaction to the currency's surging value. What wasn't expected: for bitcoin’s dominance to remain low in a bear market. B

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