At the time of writing, Bitcoin dominance is currently around 61%, above the 60% level that typically signals room for altcoins to take over. Interestingly, this is a notable reduction from Bitcoin’s 64.3% dominance from three weeks ago.
Lucie attributed this decline in Bitcoin dominance to alt momentum slowly gaining traction across various sectors, including major altcoins and meme-based projects. This gradual build-up, she suggested, could represent an accumulation phase. This is a familiar August pattern that’s mostly always seen before stronger altcoin rallies.
At the time of writing, Bitcoin’s market dominance is at 60.0%, according to data from Coinmarketcap. Ethereum, on the other hand, has a market dominance of 12.2%. The last time the market saw altcoin dominance was in December 2024, when the Altcoin Season Index spiked to a reading of 88. Since then, Bitcoin has maintained control, with the most recent attempt to push the index higher stalling at a 59 reading on July 21.
