- Bitcoin‘s market dominance surged to 61% this Wednesday, its highest point since November 2025, continuing a strong upward trend.
- Altcoins are showing early recovery signs, with TOTAL3 rising 17% and trading volumes on Binance increasing significantly.
- Market analysts observe a quiet rotation towards altcoins, though the AltSeason Index remains far from levels signaling a major rally.
Bitcoin’s market dominance climbed to 61% on Wednesday, marking its highest level since November 2025, as the primary cryptocurrency continues to outpace the wider market. This key metric has risen steadily from 58.44% at the start of April, reinforcing a sustained bullish trend for BTC.
Consequently, the TOTAL3 index, which tracks the crypto market cap excluding Bitcoin and Ether, rose 17% to a two-month high of $765 billion. Crypto analyst Darkfost said Bitcoin has gained 36% since its Feb. 6 lows, helping push its dominance even higher.
Meanwhile, data from CryptoQuant reveals a notable increase in altcoin trading activity on centralized exchanges. Altcoin volume share on Binance climbed to 49%, up from 31% in March when measured against combined BTC and ETH futures volumes.
However, market analyst CW8900 pointed out this shift remains moderate compared to previous cycles. The analyst noted, “The indicator also shows that there was no real AltSeason in this cycle.”
Consequently, the 90-day AltSeason Index recovered to 28.6, its fastest climb in months, though readings above 75 are associated with stronger altcoin cycles. CryptoQuant data also shows the average altcoin now trades 23.47% below its 200-day SMA, a significant improvement from 44.4% earlier.
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