{"id":840397,"date":"2025-04-10T19:13:33","date_gmt":"2025-04-11T00:13:33","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/10\/bitcoin-dominance-hits-4-year-high-amid-altcoin-annihilation\/"},"modified":"2025-04-10T19:13:33","modified_gmt":"2025-04-11T00:13:33","slug":"bitcoin-dominance-hits-4-year-high-amid-altcoin-annihilation","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/10\/bitcoin-dominance-hits-4-year-high-amid-altcoin-annihilation\/","title":{"rendered":"Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation"},"content":{"rendered":"

Bitcoins <\/p>\n

\n
\n
\n

Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction<\/a>.<\/p>\n

There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained,\u00a0according<\/a> to Tradingview.<\/p>\n

Moreover, BTC market share has been steadily rising since early December, when it fell to 55% sparking hopes of an altseason that never materialized.<\/p>\n

\u201cBitcoin dominance has surged to a new cycle high, surpassing its previous peak \u2013 clear evidence that the altcoin rally was short-lived,\u201d reported Matrixport on March 12.<\/p>\n

\n

Today\u2019s #Matrixport<\/a> Daily Chart \u2013 March 12 2025<\/p>\n

Bitcoin Dominance Surges as Altcoin Rally Fizzles<\/p>\n

#BTC<\/a> #CryptoMarket<\/a> #cryptocurrency<\/a> #USDT<\/a> #Bitcoin<\/a> #Altcoins<\/a> #ALTSEASON<\/a> #Matrixport<\/a> pic.twitter.com\/auhCJqWF7g<\/a><\/p>\n

\u2014 Matrixport Official (@Matrixport_EN) March 12, 2025<\/a><\/p>\n<\/blockquote>\n

Bitcoins BTC Eats Markets<\/h2>\n

\u201cSavvy traders have rotated out of altcoins and into Bitcoin, which, despite its own decline, has significantly outperformed the broader altcoin market,\u201d it added.<\/p>\n

The next leg of the Bitcoin rally<\/a> \u201cmay require more patience,\u201d with the Federal Reserve likely to maintain its hawkish stance, it stated.<\/p>\n

Analysts have flagged 70% BTC dominance as the peak of its cycle, and a fall from this could signal the beginning of altseason. But that appears to be a long way off at the moment, with most altcoins dropping below 50% from their previous peaks.<\/p>\n

\n

Highest #Bitcoin<\/a> dominance daily candle close since 2021.<\/p>\n

History is repeating.<\/p>\n

Luckily we know that Altcoin season is next. pic.twitter.com\/E0kuhbmlHu<\/a><\/p>\n

\u2014 CryptoGoos (@crypto_goos) March 12, 2025<\/a><\/p>\n<\/blockquote>\n

Ethereum, the world\u2019s second-largest crypto asset, has taken the brunt of the pain, with its market share slumping to its lowest point for almost five years this week at 8.5%,\u00a0according<\/a> to Tradingview.<\/p>\n

ETH prices have returned to bear market lows, tanking below $1,800<\/a> on March 11 and failing to recover the key $2,000 level.<\/p>\n

It is also the weakest it has been against Bitcoin since May 2020, with the ETH\/BTC ratio slumping to 0.022 this week.<\/p>\n

\n

78% of all ETH\/BTC trading days now in the red\u2026 https:\/\/t.co\/3t72k10FZW<\/a> pic.twitter.com\/1tK2uNBcmo<\/a><\/p>\n

\u2014 _Checkmate \u26a1\u2622\ufe0f\ufe0f (@_Checkmatey_) March 13, 2025<\/a><\/p>\n<\/blockquote>\n

Ethereum is not the only altcoin in pain, however.<\/p>\n

Solana has pretty much collapsed over the past couple of months as the memecoin bubble burst<\/a>. The network derives 80% of its revenue and utility from memecoin minting and trading. As a result, SOL prices have collapsed 60% in just two months since their all-time high in mid-January, and network revenue is down 90%.<\/p>\n

Cardano (ADA) had a couple of brief spurts to top $1, but the asset remains down 76% from its 2021 peak. Dogecoin (DOGE) has also pumped and dumped and is currently down the same percentage from its peak almost four years ago.<\/p>\n

Other altcoins slipping into bear market territory (more than 70% down from their peaks) include Chainlink (LINK), Stellar Lumens (XLM), Avalanche (AVAX), Shiba Inu (SHIB), Bitcoin Cash (BCH), Litecoin (LTC), and Polkadot (DOT).<\/p>\n

SPECIAL OFFER (Sponsored)<\/span><\/center><\/p>\n

Binance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div><\/div>\n

<\/div>\n

Camellia Fleishman Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained,\u00a0according to Tradingview. Moreover, BTC market share<\/p>\n","protected":false},"author":1,"featured_media":840398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,28301],"tags":[11476],"class_list":["post-840397","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-dominance","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/840397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=840397"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/840397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/840398"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=840397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=840397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=840397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}