Bitcoin Dominance Hits 57.33% as Institutional Demand Surges
The Bitcoin dominance indicator shows how much of the cryptocurrency market capitalization belongs to Bitcoin. It measures the percentage of the total crypto market value that is represented by BTC.
The formula for calculating Bitcoin dominance is: (Bitcoin market capitalization ÷ total cryptocurrency market capitalization) × 100. This calculation reveals that Bitcoin's market capitalization equals its price multiplied by circulating supply, and currently stands at 57.33%, with BTC accounting for more than half of the USD 2.75 trillion global crypto market.
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, institutional access, and longer history over smaller, higher-risk tokens.
US spot Bitcoin ETFs recorded USD 986.9 million in net inflows last week, extending their positive-flow streak to three weeks. This provides another channel through which capital can concentrate in BTC.