According to TradingView data, the dominance of Bitcoin today almost reached 63%.
This is the highest level reached since March 15, 2021, or in the last four years, although for a brief moment it was surpassed on February 3 but with an immediate return.
For a month and a half now, the crypto markets have entered Bitcoin season, which is a period in which the price of Bitcoin significantly outperforms that of altcoins, or suffers much less.
Altcoins Gain Ground on Bitcoin Dominance
It is useful to provide some examples to understand what is being discussed.
In the last thirty days, the price of Bitcoin has remained practically unchanged.
In the same period, however, that of Ethereum lost more than 12%, as did XRP, while Solana is at -13% and Dogecoin at -14%, with Cardano at -18%.
Excluding stablecoins, only BNB has performed better than Bitcoin in the last thirty days among the ten largest market cap cryptocurrencies, and considering the top twenty, only TON can be added to this list.
Taking instead as a reference the performance of 2025 up to today, Bitcoin stops at a very normal -10%, while Ethereum plummets to -45%, with Solana at -37% and Dogecoin at -48%.
Among the top twenty cryptos by market capitalization, only Bitfinex’s LEO is in profit in 2025, even though, for example, XRP is only at -2%.
The dominance of Bitcoin (BTC)
In light of this, it is well understood why the dominance of BTC has increased from 58% at the beginning of the year to almost 63% today.
Note that until the first of February it had not even surpassed 60%, only to soar above 62% by February 7.
Since then, it had fluctuated between 60% and 62%, but starting from March 28, it entered a new bull phase that could still be ongoing.
A year ago it was at 54%, and between April 2021 and March 2023 it had fluctuated between 39% and 48%.
It should not be forgotten that in the meantime the number of existing altcoins has exploded, especially thanks to the immense quantity of memecoin tokens issued on Solana in the last two years.
Despite this, in the last two years the dominance of Bitcoin instead of falling has risen, even from 45% to 63%.
This makes it clear how little real value memecoins have, and it also certifies the fact that the crypto markets are still always dominated by Bitcoin, except in relatively rare and relatively short occasions.
The past
Until March 2017, there were so few altcoins in the crypto markets that Bitcoin’s dominance was even above 90%.
On the other hand, Ethereum was born only in 2015, and only in 2017 did its value explode in the crypto markets. Before Ethereum, tokens practically did not exist, but only the native criptovalute of their blockchains, so it was precisely the boom of Ethereum that caused the number of tokens to explode.
Note that the great speculative bubble of 2017, which ended in January 2018, had brought Bitcoin’s dominance even below 36%, although during the subsequent bear-market it rose back above 73%.
With the subsequent great speculative bubble of 2021, it had fallen below 40%, but only to rise again with the bear-market of 2022.
The future of the crypto market
According to several analysts, this long-term trend might be expected to last a bit longer.
That is, if in 2021, the year following the penultimate presidential elections in the USA, the dominance of Bitcoin reached a peak in January only to start declining significantly in April, this year things could go differently.
In fact, during the last cycle, Bitcoin’s dominance reached an initial peak as early as August 2019, only to decrease again until September 2020, and then rise until January. During the current cycle, however, nothing similar is happening.
The climb began in January 2023, and it seems to be almost continuous, with very few and relatively short interruptions. At present, there are no signs of a possible trend reversal, so much so that several analysts argue that Bitcoin’s dominance in April could rise further.
Furthermore, it seems difficult that even in May or June a trend reversal could occur, although at that point at least the rise could conclude.
It might be necessary to wait until July before seeing Bitcoin’s dominance start to decrease, perhaps in a way vaguely similar to what happened in 2017, although with several months of delay and with a much likely smaller amplitude.
