Bitcoin’s market dominance has surged to 63.5%, signalling a strong recovery following a 3% price increase. Not seen above 60% since March 2021, its dominance could rise to 66-70% by next quarter. Currently priced at $90,250 and with significant trading volume, Bitcoin approaches the psychological $100,000 mark. Investor interest spikes amid shifts from traditional assets to cryptocurrencies.
Bitcoin, the preeminent cryptocurrency, has recently reached a significant milestone, boasting a dominance rate of 63.5% following a notable 3% price surge. This increase, measured as Bitcoin Dominance (BTC.D), reflects its share of the total cryptocurrency market capitalisation, indicating a strong rebound as altcoins see a retreat in value.
The last time Bitcoin achieved a market dominance exceeding 60% was on March 3, 2021, when it peaked at 60.3%. Current trends suggest BTC.D could rise further, potentially reaching between 66% and 70% by the end of the next quarter, emphasising the endurance of Bitcoin’s market position over the past 48 months.
At present, Bitcoin’s price has reached $90,250, marking a 3.26% increase. A noteworthy rise in trading volume, which surged by 35.68% to $36.87 billion, reflects renewed investor interest. Despite being 18.58% shy of its all-time high of $109,114.88 from January 2025, current trends hint at a possible breach of the $100,000 mark and projections suggest Bitcoin could reach $150,000 by the end of 2025.
In contrast, Ethereum’s market dominance has decreased to 7.1%, alongside other altcoins, which collectively account for 29.4% of the market. The upsurge in Bitcoin’s prominence may influence a shift away from traditional assets, with investors showing heightened interest in digital currencies amid geopolitical tensions and U.S. tariff concerns.
Within the past 24 hours, Bitcoin’s open interest has increased by 7.09%, indicating robust investor confidence. Approximately 710,620 BTC, equating to roughly $63.73 billion, have been allocated to Bitcoin’s future price movements. This suggests a strong belief in the asset’s potential for future growth.
