As a pioneer of cryptocurrency, Bitcoin has always topped the market capitalization list since its birth in 2009, and its position will remain unshakable in 2025. As of April 2025, the market capitalization of Bitcoin is about 1.64 trillion US dollars, accounting for 56.52% of the total market capitalization of global cryptocurrencies, far exceeding the second-place Ethereum's 37.871 billion US dollars. This absolute advantage stems from its unique underlying logic: the fixed total design of 21 million coins gives scarcity, the decentralized nature avoids sovereign currency risks, and the immutability of blockchain technology ensures the security of value storage.

The continuous entry of institutional investors has further consolidated Bitcoin's market position. JPMorgan Chase analysis pointed out that Bitcoin's positioning as "digital gold" has attracted a large amount of funds to flow into spot ETFs, and the shift in US regulatory policies (such as the Trump administration's inclusion of Bitcoin in strategic reserves) has also strengthened its safe-haven properties. On-chain data shows that 63% of circulating Bitcoins have been locked in long-term holding addresses, and the balance of exchanges has dropped to 2.22 million coins. The phenomenon of liquidity depletion highlights the market's consensus on its long-term value.

Despite facing technical competition from Ethereum Layer2 upgrades and Solana high-performance chains, Bitcoin still dominates the regulatory compliance wave with its first-mover advantage and network effects. As global economic uncertainty intensifies, Bitcoin's anti-inflation properties and cross-border payment potential are reshaping its role as a "value anchor" for digital assets. #比特币市值排名