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The Bitcoin Dominance Index, which measures the share of the main cryptocurrency relative to the rest of the market, has reached a three-year high of 55.9%. The last time such values were observed was in April 2021, according to Coinmarketcap.The upward trend in Bitcoin's share has not stopped since the end of 2022 from a local minimum of 38%, while the minimum for the past six years was recorded at 32.5% in early 2018.The Bitcoin Dominance Index, Bitcoin Market Share, or Bitcoin Dominance is the ratio of Bitcoin's market capitalization to the market capitalization of the entire crypto market. Among the factors that influence this metric are: changes in the Bitcoin price, altcoin valuations, the growth of stablecoin use, market conditions, and the emergence of new cryptocurrencies.