The altcoin market cap remains in a rising channel, holding support at $618.88B as of July 2025.
Bitcoin's recovery since 2023 aligns with a decline of over 1,400 inactive cryptocurrencies.
Active crypto projects now total below 10,000, signaling a market shift toward fewer, more stable assets.
This altcoin market cap is currently in a long term uptrend channel. Since the beginning of 2023 up to mid-2025, the total market experienced stable upward trend and traveled within two concrete zones.
The lower zone has been supporting the downwards move and a resistance has been observed at the upper red zone. In spite of ups and downs, there has been a consistent tendency in the general outline of the trend with no breakouts and breakdowns reported over the past few months.
Altcoin Market Hovers Near Support Level
According to a recent market observation, it is seen that the market cap has climbed steadily and approached the upper resistance area. Between January and March 2025, it briefly surpassed $1.3 trillion before retracing sharply. That correction pushed valuations back toward the centerline of the trend channel. As of early July 2025, the total altcoin market cap stands at $618.88 billion.
Source: Polaris (X)
Since May, movement has remained horizontal, with no sharp rallies or declines observed. The price has bounced multiple times near the green support zone, confirming the trend’s resilience. The market has not broken the lower boundary, suggesting continued stability. Consolidation remains intact, as the chart reflects sideways activity without significant directional moves. So far, the structure shows no early signs of reversal or breakout.
Active Crypto Count Shrinks as Bitcoin Recovers
In another notable observation, the number of active cryptocurrencies has declined as Bitcoin moved toward historical highs. Alphractal tracks Bitcoin’s price and the total number of active cryptocurrencies between early 2021 and July 2025. Throughout the first half of 2021, the value of Bitcoin passed above 60,000.
At the same time, the amount of active tokens also grew to exceed 9,000. But the year 2022 experienced drastic fall in the price of Bitcoin as price plummeted below 20,000 dollars. That decline notwithstanding, the active amount of cryptocurrencies has been high and it subsequently surpassed 10,000.
Source: Alphractal (X)
That pattern changed in early 2023. By mid-year, over 1,400 cryptocurrencies had become inactive. While weaker tokens exited the market, Bitcoin began a new recovery. The trend continued through 2024 and into mid-2025. By July 2025, Bitcoin had returned close to its previous highs.
The total number of active tokens had dropped slightly below 10,000. The data shows a maturing market with a smaller number of active cryptocurrencies. The decline in token count reflects the exit of less viable projects. Bitcoin’s upward trajectory during the same period marks a return of strength among dominant assets.
