{"id":20403,"date":"2025-04-03T12:32:02","date_gmt":"2025-04-03T12:32:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20403"},"modified":"2025-04-03T12:32:02","modified_gmt":"2025-04-03T12:32:02","slug":"bitcoin-dominance-could-climb-to-64-putting-altcoin-recovery-in-jeopardy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20403","title":{"rendered":"Bitcoin Dominance Could Climb To 64%, Putting Altcoin Recovery In Jeopardy"},"content":{"rendered":"
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As the world awaits US President Donald Trump\u2019s announcement on proposed retaliatory tariffs later today, crypto markets continue<\/a> to show signs of uncertainty. In an X post shared earlier today, crypto analyst Rekt Capital emphasized that Bitcoin (BTC) dominance may be poised to rise further, potentially worsening conditions for altcoins, including Ethereum (ETH).<\/p>\n

Bitcoin Dominance Uptrend To Continue, Analyst Says<\/h2>\n

According<\/a> to Rekt Capital, Bitcoin dominance is set to climb further, possibly reaching as high as 64%. Notably, this level of BTC dominance is historically significant, as evident from the 2017 and 2020 peaks highlighted in green in the chart below.<\/p>\n

\"rekt\"<\/p>\n

For the uninitiated, BTC dominance refers to the ratio of the premier digital asset\u2019s market cap to the total crypto market cap. A rising BTC dominance typically means that liquidity is rotating from small market cap coins \u2013 called altcoins \u2013 into BTC.<\/p>\n

As a result, altcoins like ETH may exhibit subdued price action when BTC dominance rises. Fellow crypto analyst Ali Martinez highlighted ETH\u2019s weak performance against BTC, suggesting that the second-largest cryptocurrency by market cap is likely to face further declines in the near term.<\/p>\n

In an X post, Martinez shared an inverse monthly ETH\/BTC chart illustrating a cup-and-handle pattern forming. While this pattern is typically bullish, in an inverse chart like this, it suggests ETH may fall to as low as 0.00240 \u2013 an almost 90% decline from its current price relative to Bitcoin.<\/p>\n

\"ali\"<\/p>\n

A decline in ETH would likely drag down other altcoins, causing a sharp spike in BTC dominance. However, some analysts see the prevailing pessimism surrounding ETH as a potential buying opportunity.<\/p>\n

Ethereum The Most Asymmetric Bet?<\/h2>\n

In a separate X post<\/a>, crypto trader Merlijn The Trader noted that ETH\u2019s price has returned to its 2021 levels, trading close to $1,900 at the time of writing. However, the trader added that in 2025, multiple factors could work in ETH\u2019s favor.<\/p>\n

For example, ETH\u2019s narrative could strengthen with the potential approval of an ETH exchange-traded fund (ETF) for staking<\/a>, rising institutional demand, and improving fundamentals. The analyst referred to ETH as the \u201cmost asymmetric bet right now.\u201d<\/p>\n

That said, ETH still has a long way to go before confirming a bullish trend reversal. In a recent analysis, Martinez noted<\/a> that, based on pricing bands analysis, ETH must break through a key resistance level at $2,300 before targeting higher levels. At press time, ETH is trading at $1,901, down 1.1% in the past 24 hours.<\/p>\n

\"ethereum\"<\/div>\n","protected":false},"excerpt":{"rendered":"

As the world awaits US President Donald Trump\u2019s announcement on proposed retaliatory tariffs later today, crypto markets continue to show signs of uncertainty. In an X post shared earlier today, crypto analyst Rekt Capital emphasized that Bitcoin (BTC) dominance may be poised to rise further, potentially worsening conditions for altcoins, including Ethereum (ETH). Bitcoin Dominance […]<\/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-20403","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\/20403","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=20403"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20403\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}