2. Bitcoin’s dominance increases, now accounting for 59.1% of total cryptocurrency market capitalization
Bitcoin’s (BTC) dominance continues to climb, increasing by 4.6 percentage points in Q1 2025. Amid a decline that hit altcoins, Bitcoin’s dominance reached 59.1% at the end of the quarter. This is the highest level since Q1 2021.
Stablecoins also benefited from the market decline as investors flocked to stability. Tether (USDT)’s market share rose slightly to 5.2%, while USDC reclaimed the seventh position, replacing Dogecoin (DOGE).
Ethereum (ETH) fell sharply in Q1 by -3.9 percentage points, and its dominance is 7.9%, the lowest level since late 2019. The “other” coins fell less, falling by -3.5 percentage points, accounting for 15.7% of the market share. Among the major coins, only XRP and BNB managed to maintain their market share.
