Bitcoin dominance hits 58% as alt season remains elusive
Portfolio Pulse from
Bitcoin's market capitalization dominance has climbed to 58.8%, the highest since early 2021, defying expectations of an imminent alt season. Factors supporting this trend include corporate Bitcoin accumulation, proliferation of new tokens, and the impact of spot Bitcoin ETFs. Despite favorable market conditions, the anticipated capital rotation into altcoins has not materialized.
March 28, 2025 | 9:15 pm
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POSITIVE IMPACT
Bitcoin's market dominance continues to grow, reaching 58.8%, indicating sustained investor confidence and potential resistance to altcoin market rotation.
Increasing Bitcoin dominance suggests continued investor preference for Bitcoin over altcoins, driven by corporate accumulation, ETF inflows, and market stability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100