Bitcoin Dominance Hits 4-Year High Above 65%
Bitcoin dominance surpasses 65%, a 4-year high
Altcoins lag behind as BTC strengthens
Market eyes potential altcoin cycle shift
Bitcoin’s Market Share Reaches a New Peak
Bitcoin dominance—the percentage of the crypto market made up by Bitcoin—has climbed above 65% for the first time since 2021. This metric reflects how much of the total crypto market cap belongs to BTC, and when it’s this high, it often signals Bitcoin is outperforming most altcoins.
This surge in dominance indicates investor confidence is largely centered around Bitcoin, especially during uncertain market conditions. Historically, high Bitcoin dominance has been associated with lower altcoin performance, as traders shift their capital into what they view as a safer and more stable asset.
What This Means for Altcoins
When Bitcoin dominance rises, it generally suggests altcoins are struggling to keep up. Currently, many altcoins have seen stagnant or declining price action while Bitcoin continues to lead the market. This shift could either signal the early stages of a longer-term altcoin bear cycle or be a temporary phase before capital rotates back into smaller-cap coins.
