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In the past 7 days, $WIF has dropped by 12%, $BONK has dropped by 8%, $ETH has dropped by 4%, $SOL has dropped by 3%, and $DOG has dropped by 2%. The prices of altcoins have generally declined, which is closely related to the dominance of BTC (BTC.D), which has reached a high of 58.1%.
What is BTC.D and why is it like this?