13 March | Other | Bitcoin

Bitcoin dominates with over 62% of market share amid declining interest in altcoins

Bitcoin dominates with over 62% of market share amid declining interest in altcoins

Bitcoin's market dominance has reached a 4-year high with a share of more than 62%. This is the highest level since March 2021, despite a recent correction by 29%. According to TradingView, the market share of BTC has been steadily increasing since early December, tempering expectations of an altcoin rally.

As Matrixport analysts note, experienced traders are shifting from altcoins to bitcoin, which has shown relative resilience. Further growth of BTC may take time amid tight monetary policy of the US Federal Reserve, the company said. Analysts estimate a potential peak of bitcoin dominance at 70%, after which the ‘altcoin season’ may begin.

Against the backdrop of bitcoin's growing market share, the positions of alternative cryptocurrencies are weakening. Ethereum's market share has fallen to 8.5% – the lowest in almost five years. At the same time, the ETH to BTC ratio fell to 0.022 – the lowest level since May 2020. Solana has lost 60% of its value in two months following a downturn in memcoin appeal. Cardano, Dogecoin, and other leading altcoins remain in the bear market, fallen more than 70% from their all-time highs. The information was provided by CryptoPotato.

Elena Dorohina MarketCheese
Period: 21.03.2025 Expectation: 1400 pips
GBPUSD is poised for a pullback towards the trend line
Yesterday at 11:02 AM 58
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 26.03.2025 Expectation: 670 pips
Brent prices may rebound amid trade instability
Yesterday at 09:54 AM 50
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Crypto" and "Oil and gas"
Period: 31.12.2025 Expectation: 1000 pips
Buying Brent in case of price reduction to $60–65 per barrel
Yesterday at 08:48 AM 27
Period: 21.03.2025 Expectation: 544 pips
AUDCAD may rise to 0.91242 due to worsening situation in Canada
Yesterday at 08:32 AM 17
Period: 18.03.2025 Expectation: 2640 pips
Buying USDJPY within descending channel targets of 150.10
13 March 2025 94
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 20.03.2025 Expectation: 494 pips
Gas prices fall amid warm weather forecasts
13 March 2025 44
Go to forecasts