Bitcoin dominance has risen to 58.8%, reaching a new high since the beginning of 2021.

GateUser-6433627c · 2025-03-29T03:43:07+00:00

Bitcoin's dominance has risen to 58.8%, reaching a new high since early 2021, breaking expectations. Institutions are increasing their holdings, new tokens are flooding the market, and the ETF effect is diverging. Analysts believe that the altcoin market may experience latency, while sectors like RWA and AI may attract funds.

GateUser-6433627c

2025-03-29 03:43:07

Abstract generation in progress

[Bitcoin’s dominance rises to 58.8%, reaching a new high since early 2021] Bitcoin’s dominance (the proportion of total market capitalization of encryption) has increased from 51% in December last year to 58.8%, reaching a new high since early 2021, breaking the market’s expectations for “altcoin season.” Traditional theories suggest that after a Bitcoin pump, funds will rotate to high-risk alts, but this cycle has shown structural changes: institutions continue to increase holdings: companies like MicroStrategy are conducting targeted fundraising to buy BTC, creating sustained buying pressure; the proliferation of new tokens is diverting liquidity from alts; ETF effects are diverging: Bitcoin and Ether spot ETFs are accumulating, failing to drive a general rise in other altcoins. Analysts point out that the altcoin market may be delayed rather than disappearing, and breakthroughs in sectors such as RWA and AI will still attract capital rotation.

BTC2.91%

ETH8.1%

RWA0.77%

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