$BTC
Bitcoin Dominance Hits Four-Year High As BTC Price Tops $97,000
Bitcoin dominance is up to 64.89%, up from around 57.9% at the start of the year, as its price inches closer to $100,000.
Bitcoin’s dominance of the cryptocurrency market reached 64.89% today, its highest level since January 2021, as the price of Bitcoin topped $97,000 Friday morning.
BTC’s dominance—its capitalization as a percentage of the entire market’s cap—has risen from around 57.90% at the start of the year, according to TradingView data.
It had dropped to 55% by early December, as euphoria following Donald Trump’s election victory pushed altcoin prices to new highs.
Yet this positive sentiment turned to fear and uncertainty when the Trump administration began imposing (and ramping up) tariffs in February and March, dampening investor appetite for altcoins.
And while Bitcoin itself was hurt by the tariff fallout, recent exemptions and compromises from the Trump administration have boosted the cryptocurrency, without inviting a full recovery for many major alts.
Bitcoin’s Friday surge to $97,000 puts it just 10.9% below its all-time high of $108,786 set in January, whereas the likes of Ethereum, Solana and Dogecoin are down 54%, 43% and 61% respectively on highs set in either December or January, per data from CoinGecko.
At time of publication, Bitcoin has retraced slightly to $96,947, up 0.7% on the day.
Bitcoin’s first-mover advantage
For David Morrison, a Senior Market Analyst at Trade Nation, Bitcoin has outperformed most alts during the past few months for various reasons, including its first-mover advantage.
He told Decrypt, “It has high acceptance relative to its peers and the more speculative coins thanks to its relatively friendly regulatory environment, which, under this Trump administration, is expected to improve further.”
Morrison also explains that, even during more bearish periods, investment in Bitcoin remains attractive to retail and institutions because its “supply is strictly limited,” in contrast to many alts.
