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Sujit Kumar
Mar 13, 2025
by Sujit Kumar

Bitcoin Dominance Hits 4-Year High as Altcoins Struggle

Bitcoin Dominance Hits 4-Year High

Table of contents

  1. Altcoin Downturn
  2. Market Implications
Bitcoin has surged to a 4-year high in market dominance, now exceeding 62%, its strongest level since March 2021. Despite a 29% price correction, the sustained increase in BTC’s market share—rising steadily since December’s dip to 55%—signals that savvy traders are rotating out of altcoins and consolidating their positions in Bitcoin.

Altcoin Downturn

In contrast, the broader crypto market is suffering. Ethereum, the world’s second-largest digital asset, has seen its market share plummet to an almost five-year low of 8.5%. ETH prices fell below $1,800 on March 11, failing to regain the critical $2,000 threshold and weakening its performance against Bitcoin. The ETH/BTC ratio now stands at 0.022, the lowest since May 2020.

Other altcoins have fared even worse. Solana’s prices have collapsed by 60% over the past two months following the bursting of the memecoin bubble, while Cardano and Dogecoin are down by 76% and roughly 76% from their respective peaks. Numerous tokens including Chainlink, Stellar, Avalanche, Shiba Inu, Bitcoin Cash, Litecoin, and Polkadot have all suffered declines exceeding 70% from their all-time highs.

Market Implications

The prevailing sentiment indicates that the altcoin rally was short-lived. With many altcoins now trading well below 50% of their previous peaks, a significant shift in market dynamics appears evident. Analysts warn that until Bitcoin’s dominance falls below 70%, altseason remains a distant prospect, and further bearish pressure may persist unless new buying opportunities emerge.

 

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Bitcoin Dominance Hits 4-Year High
Bitcoin Dominance Hits 4-Year High as Altcoins Struggle
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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