Bitcoin Dominance Drops 0.24% Despite 2.3% Price Gain

Bitcoin's market share within the cryptocurrency space has begun to retreat, even as its price records short-term gains. On July 10, 2025, Bitcoin dominance fell to 64.61%, down 0.24% within the 3-day timeframe. This decline follows a technical break below a rising wedge pattern—a bearish development observed on the latest market chart.

This crash happened when the price of Bitcoin was surging, with it currently trading at a price of $111,266 and increasing by 2.3% in the last day. This price-dominance disjuncture brings valuable dimension to existing market dynamics, at least to alternative cryptocurrencies. A continued divergence could set new momentum flows in the market.

The rising wedge structure on the Bitcoin dominance chart had been forming since late 2024. This upward-sloping formation captured a steady increase in Bitcoin’s share of the total crypto market cap. However, the recent move saw dominance break below the lower boundary of the wedge. This invalidated the trend that had held since early 2025. The chart also shows that this breakdown comes just as the 3-day candle closed under the wedge’s trendline support.

Meanwhile, Bitcoin’s price action has remained strong. The asset currently trades just below resistance at $111,742, with its nearest support at $108,610. Notably, this price climb contrasts the dominance drop, suggesting capital inflows into Bitcoin may now be shared with other cryptocurrencies.

This shift in dominance while BTC rises may impact altcoin market dynamics. With BTC holding near $111,742, attention turns to how altcoins perform in this environment. BTC’s dominance had hovered above the 64% level since early June, bolstered by consistent strength in price. The recent drop below the wedge could reflect growing interest in alternative assets or changes in investor positioning.

Technical indicators continue to favor watching the dominance trend closely. Any further decline below 64% could test the nearby moving average support. As BTC holds above $111,000, analysts will likely monitor how the broader market adjusts in tandem.