Bitcoin Dominance Hits 57% as Altcoin Rally Looms
Bitcoin's dominance in the cryptocurrency market is a key indicator that helps investors track whether capital is concentrated in Bitcoin or rotating towards altcoins. The dominance is calculated using the formula: (Bitcoin market capitalization ÷ total cryptocurrency market capitalization) × 100.
The current Bitcoin dominance stands at 57.33%, with BTC accounting for more than half of the USD 2.75 trillion global crypto market. Ethereum represents 10.97%, while stablecoins account for 10.57%.
Rising dominance means that Bitcoin's market capitalization is increasing faster than the broader crypto market, or declining less sharply during a downturn. This often occurs when investors prefer BTC's deeper liquidity and institutional access over smaller, higher-risk tokens.
US spot Bitcoin ETFs recorded USD 986.9 million in net inflows last week, providing another channel through which capital can concentrate in BTC.