Bitcoin Dominates Market with 64.85% Share, Outpacing Altcoins

By: cointribuneen|2025/05/03 23:30:02

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Bitcoin strikes hard: with a price flirting with $97,000 and a market dominance of 64.89%, the crypto queen reaches its highest level since 2021! Driven by distrust towards altcoins and a tense macro environment, BTC crushes the competition and attracts capital. Bitcoin: Market dominance reaches a 4-year peak In a few months, Bitcoin’s dominance has risen from 57.90% in December 2024 to nearly 65% this Saturday, its highest peak in 4 years. While BTC trades around $97,000, this progression marks a strong comeback of the king asset in a crypto market undergoing upheaval. Two key factors explain this spectacular rise : An uncertain macroeconomic context: investors fleeing traditional assets like U.S. Treasury bonds have strengthened Bitcoin’s appeal, considered a more resilient store of value amid global economic tensions. Trump’s tariff policy: the imposition of higher tariffs by the U.S. administration has created an unstable climate, cooling appetite for more speculative altcoins. Conversely, Bitcoin stands out, benefiting from its safe-haven image and proven infrastructure. A unique resilience in an uncertain market David Morrison, senior analyst at Trade Nation, explains that bitcoin benefits from a first-mover advantage, more favorable regulation, and a strictly limited supply, which attracts both institutional and retail investors. While the Bitcoin ETF has attracted 4 billion dollars more than the gold ETF this week, institutional confidence seems to be strengthening. This could propel BTC beyond 70% dominance if this trend continues. As bitcoin establishes its supremacy in the crypto market, its breakthrough worries some regulators. The Bank of Italy warns about the systemic risks of integrating BTC into national reserves . A rise in power that fascinates... but could also reshuffle the cards of global stability.

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