Bitcoin dominance hits 62%, defying altcoin season expectations
Portfolio Pulse from
Bitcoin's market dominance has reached 62%, the highest since February 2021, defying expectations of an altcoin season. The Altcoin Season Index is at 18, indicating Bitcoin's continued strength. Despite potential catalysts like Ethereum ETF approval and Solana's technological advancements, altcoins remain subdued due to liquidity concerns and regulatory pressures.
March 29, 2025 | 11:45 am
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NEUTRAL IMPACT
Bitcoin's market dominance at 62% reflects strong investor confidence, with current price around $83,825 and a market cap of $1.65 trillion. Technical indicators suggest a bearish short-term sentiment.
Bitcoin's current market position is driven by institutional adoption, ETF trading volumes, and macroeconomic factors like inflation. While short-term technical indicators are bearish, the overall trend shows resilience.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100