The dominance of Bitcoin is currently the highest level in 4 years of more than 62 %, its highest level since March 2021, although it is corrected by 29 %.
There was a brief height above this level on February 3, but it seems that this isolated wick, while the recent increases were more sustainable, According to To TradingView.
Moreover, the BTC market share has increased steadily since early December, when it decreased to 55 %, which has raised hopes for altseason has never been achieved.
“Bitcoin’s dominance has risen to a new cycle, beyond its previous peak-clear evidence that Altcoin’s gathering did not last long,” Matrixport said on March 12.
today #Matrixport Daily graph – March 12, 2025
Bitcoin dominance rises with the fading of Altcoin Rally
#BTC #Cryptomarket #CryPtocurrency #Usdt #Bitcoin #Altcoins #Altseason #Matrixport pic.twitter.com/auhcjqwf7g
– Matrixport (Matrixport_en) March 12, 2025
BTC eats markets
He added: “The smart traders of Altcoins and Bitcoin, which, despite their decline, have greatly outperformed the broader Altcoin market.”
It stated that the next station of the Bitcoin Rally “may require more patience”, as it is possible that the federal reserve will maintain its challenge.
Analysts reported the dominance of 70 % of BTC as the peak of its cycle, and a decrease from this may indicate the beginning of Altseason. But this seems to be a long livelihood at the present time, as most Altcoins have decreased to less than 50 % of its previous summits.
higher #Bitcoin Close the daily candle of dominance since 2021.
History is repeated.
Fortunately, we know that the Altcoin season is the next. pic.twitter.com/0kuhbmlhu
– Cryptogoos (Crypto_GOS) March 12, 2025
Ethereum, the second largest encryption asset in the world, has taken pain, with its market share declining to its lowest point in nearly five years this week by 8.5 %, According to To TradingView.
ETH prices have returned to the lowest level in the market, which is less than $ 1,800 on March 11 and failed to recover the level of $ 2000.
It was also the weakest against Bitcoin since May 2020, as the ETH/BTC ratio decreased to 0.022 this week.
78 % of all ETH/BTC trading days now in red … https://t.co/3t72k10fzw pic.twitter.com/1TK2UNBCMO
– _CHECKMate ⚡☢ (_CHECKMATE_) March 13, 2025
altcoin extermination
Ethereum is not the only altcoin in pain, however.
Solana has collapsed largely over the past two months with the explosion of Memecoin bubble. The network derives 80 % of its revenues and benefit from Mimxen for decline and trading. As a result, Sol prices collapsed by 60 % in just two months since its rise in mid -January, and network revenues decreased by 90 %.
Cardano (ADA) had a few brief mutations to the highest dollar, but the original remains 76 % of its peak 2021. Dogecoin (Doge) also pumped and received it and is currently in the same percentage since its peak nearly four years ago.
It includes other altcoins that slide to the bear market area (more than 70 % of its tops) Chainlink (Link), Luments Stellar (XLM), Avalanche (Avax), Shiba Inu (Shib), Bitcoin Cash (BCH), Litecoin (LTC), and polkadot (point).
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