Bitcoin’s market dominance surges to a 4-year high as its price breaks 90K,while altcoins show modest gains amid 320M in liquidations.
Bitcoin’s Market Supremacy Returns
Bitcoin’s dominance has surged to 64.3%—a level not seen since February 2021—as its $1.75 trillion market cap now represents 63.5% of the total $2.76 trillion cryptocurrency market. This milestone underscores Bitcoin’s renewed strength as the undisputed leader of the crypto ecosystem.
Price Breaks Key Psychological Barrier
BTC has smashed through the $90,000 resistance level, trading at this price for the first time in six weeks (since March 7). Current metrics show:
📈 +3.3% (24h)
📈 +7.3% (7d)
According to CoinGecko, Bitcoin’s 61.6% dominance score confirms its outperformance against altcoins—the highest in four years.
Altcoins Show Modest Gains
While Bitcoin leads, major altcoins are also climbing:
🔹 Ethereum (ETH): +1.5%
🔹 Ripple (XRP): +1%
🔹 Solana (SOL) & Dogecoin (DOGE): ~4% each
However, the derivatives market saw $320M in liquidations, with $190M coming from short positions as traders underestimated Bitcoin’s rally.
What This Dominance Means
Bitcoin’s resurgence to 64.3% dominance signals:
✔ Institutional preference for BTC over altcoins
✔ Stronger investor confidence in Bitcoin as a macro asset
✔ Potential rotation risk for altcoins if dominance continues rising
This trend mirrors February 2021, when Bitcoin last held such market control before the altseason boom.