{"id":17529,"date":"2025-03-13T06:46:53","date_gmt":"2025-03-13T06:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17529"},"modified":"2025-03-13T06:46:53","modified_gmt":"2025-03-13T06:46:53","slug":"bitcoin-dominance-hits-4-year-high-amid-altcoin-annihilation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17529","title":{"rendered":"Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation"},"content":{"rendered":"<div>\n<p>Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its <a href=\"https:\/\/cryptopotato.com\/heres-when-bitcoin-will-bottom-and-whats-next-industry-experts-weigh-in\/\" data-wpel-link=\"internal\">29% correction<\/a>.<\/p>\n<p>There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained,\u00a0<a href=\"https:\/\/www.tradingview.com\/symbols\/BTC.D\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">according<\/a> to Tradingview.<\/p>\n<p>Moreover, BTC market share has been steadily rising since early December, when it fell to 55% sparking hopes of an altseason that never materialized.<\/p>\n<p>\u201cBitcoin dominance has surged to a new cycle high, surpassing its previous peak \u2013 clear evidence that the altcoin rally was short-lived,\u201d reported Matrixport on March 12.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Today\u2019s <a href=\"https:\/\/twitter.com\/hashtag\/Matrixport?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Matrixport<\/a> Daily Chart \u2013 March 12 2025<\/p>\n<p>Bitcoin Dominance Surges as Altcoin Rally Fizzles<\/p>\n<p><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoMarket?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#CryptoMarket<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#cryptocurrency<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/USDT?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#USDT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Altcoins<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ALTSEASON?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#ALTSEASON<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Matrixport?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Matrixport<\/a> <a href=\"https:\/\/t.co\/auhCJqWF7g\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/auhCJqWF7g<\/a><\/p>\n<p>\u2014 Matrixport Official (@Matrixport_EN) <a href=\"https:\/\/twitter.com\/Matrixport_EN\/status\/1899716912151744554?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">March 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>BTC Eats Markets<\/h2>\n<p>\u201cSavvy traders have rotated out of altcoins and into Bitcoin, which, despite its own decline, has significantly outperformed the broader altcoin market,\u201d it added.<\/p>\n<p>The next leg of the <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-rally-stablecoin-movement-suggests-accumulation-phase\/\" data-wpel-link=\"internal\">Bitcoin rally<\/a> \u201cmay require more patience,\u201d with the Federal Reserve likely to maintain its hawkish stance, it stated.<\/p>\n<p>Analysts have flagged 70% BTC dominance as the peak of its cycle, and a fall from this could signal the beginning of altseason. But that appears to be a long way off at the moment, with most altcoins dropping below 50% from their previous peaks.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Highest <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Bitcoin<\/a> dominance daily candle close since 2021.<\/p>\n<p>History is repeating.<\/p>\n<p>Luckily we know that Altcoin season is next. <a href=\"https:\/\/t.co\/E0kuhbmlHu\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/E0kuhbmlHu<\/a><\/p>\n<p>\u2014 CryptoGoos (@crypto_goos) <a href=\"https:\/\/twitter.com\/crypto_goos\/status\/1899773362714415599?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">March 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ethereum, the world\u2019s second-largest crypto asset, has taken the brunt of the pain, with its market share slumping to its lowest point for almost five years this week at 8.5%,\u00a0<a href=\"https:\/\/www.tradingview.com\/symbols\/ETH.D\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">according<\/a> to Tradingview.<\/p>\n<p>ETH prices have returned to bear market lows, tanking <a href=\"https:\/\/cryptopotato.com\/ethereum-double-trouble-eth-prices-fall-below-1800-price-crash-amid-testnet-attack\/\" data-wpel-link=\"internal\">below $1,800<\/a> on March 11 and failing to recover the key $2,000 level.<\/p>\n<p>It is also the weakest it has been against Bitcoin since May 2020, with the ETH\/BTC ratio slumping to 0.022 this week.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">78% of all ETH\/BTC trading days now in the red\u2026 <a href=\"https:\/\/t.co\/3t72k10FZW\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/3t72k10FZW<\/a> <a href=\"https:\/\/t.co\/1tK2uNBcmo\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/1tK2uNBcmo<\/a><\/p>\n<p>\u2014 _Checkmate <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/26a1.png\" alt=\"\u26a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2622.png\" alt=\"\u2622\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@_Checkmatey_) <a href=\"https:\/\/twitter.com\/_Checkmatey_\/status\/1899977972372955549?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">March 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Altcoin Annihilation<\/h2>\n<p>Ethereum is not the only altcoin in pain, however.<\/p>\n<p>Solana has pretty much collapsed over the past couple of months as the <a href=\"https:\/\/cryptopotato.com\/meme-coin-meltdown-crypto-community-turns-against-speculative-tokens\/\" data-wpel-link=\"internal\">memecoin bubble burst<\/a>. The network derives 80% of its revenue and utility from memecoin minting and trading. As a result, SOL prices have collapsed 60% in just two months since their all-time high in mid-January, and network revenue is down 90%.<\/p>\n<p>Cardano (ADA) had a couple of brief spurts to top $1, but the asset remains down 76% from its 2021 peak. Dogecoin (DOGE) has also pumped and dumped and is currently down the same percentage from its peak almost four years ago.<\/p>\n<p>Other altcoins slipping into bear market territory (more than 70% down from their peaks) include Chainlink (LINK), Stellar Lumens (XLM), Avalanche (AVAX), Shiba Inu (SHIB), Bitcoin Cash (BCH), Litecoin (LTC), and Polkadot (DOT).<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-dominance-hits-4-year-high-amid-altcoin-annihilation\/\" rel=\"nofollow\">Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained,\u00a0according to Tradingview. Moreover, BTC market share [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17529","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17529"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17529\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}