It indicates that Bitcoin's dominance in the cryptocurrency market is estimated between 60.6% and 60.8%:
According to CoinMarketCap, the dominance is about **60.8%**
CoinCodex estimates it at around 60.66% with a slight decline over the past 24 hours
🌟 Here is a quick clarification:
Source Dominance Percentage
CoinMarketCap ~60.8 %
CoinCodex ~60.66 %
🔍 What is the Bitcoin Dominance Index?
It represents the ratio of Bitcoin's market value to the total market value of all cryptocurrencies. The higher this ratio, the more it indicates a hedging trend towards Bitcoin and a distancing of investors from altcoins. Conversely, a decrease in dominance is often accompanied by a transfer of capital to altcoins, reflecting a greater appetite for risk.
What does this mean now?
At ~60–61%: Bitcoin still strongly dominates the market, but there is a continuous flow towards altcoins.
In the event of additional decline: we might be on the verge of Altcoin Season, where other cryptocurrencies may perform stronger than Bitcoin.
If it rises above 63–64%: it may indicate a more conservative trend towards Bitcoin in the face of market risks.
📅 Important Note:
The mentioned sources are updated to August 2025, so this current percentage is approximate and based on the best available data at this moment. The index relies on the price of Bitcoin and the total market capitalization of cryptocurrencies at that time. If you are interested in viewing the chart directly or tracking the developments of the index, you can visit platforms like TradingView or CoinMarketCap.