The post Altcoins may never recover, while Bitcoin dominance got biggest since early 2021 appeared on BitcoinEthereumNews.com.

Bitcoin dominance has been growing steadily after dropping to 40% in November 2022. This April, Bitcoin dominance crossed the 64% mark, meaning that the market cap of Bitcoin accounts for nearly two-thirds of the entire crypto market capitalization. While some still wait for the altcoin season to begin, others state this cycle is different, and there will probably be no altcoin seasons ever again. Bitcoin dominance is nearing 64%, last seen at the peak of the 2020 bear market. This isn’t just a $BTC move. Its capital rotating out of alts. Historically, this level has been a turning point. If it breaks 66%, alts might bleed harder before a true altseason. Watch closely👀 pic.twitter.com/5EudWiQkJX — nordin.eth (@nordin_eth) April 17, 2025 What does the Bitcoin dominance metric indicate? Bitcoin dominance is a metric indicating the share of Bitcoin in the overall cryptocurrency market capitalization. When Bitcoin was the only cryptocurrency in the world, it had a 100% share. As soon as other cryptocurrencies began to emerge, Bitcoin’s dominance began to decrease. However, Bitcoin has always been the most expensive crypto, so it took years for the rest of the crypto market to gain a substantial share of the market. 2017 was a transformative year, when the rise of Ethereum-based tokens and especially an ICO boom dragged Bitcoin dominance from 96% down below 40% by 2018. From 2018 to 2020, Bitcoin’s share has been volatile, moving in high amplitude. In the first half of 2021, Bitcoin dominance dropped from 70% to around 40% in the wake of the rise in the DeFi market. The year also saw an NFT market surge, and most NFTs were built on Ethereum and BNB Chain. It may seem that the Bitcoin dominance chart is rather a reflection of the market state, but it is also an…

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Filed under: News - @ April 23, 2025 2:29 pm