Bitcoin Dominance Hits 63.5% After 3% Price Surge

Generated by AI AgentCoin World
Tuesday, Apr 22, 2025 5:48 pm ET1min read

Bitcoin, the world’s leading digital currency, has shown significant promise as it has regained dominance in the cryptocurrency space. According to recent data, Bitcoin Dominance (BTC.D) has hit 63.5% after its price skyrocketed by 3%. This metric refers to the percentage of the total crypto market capitalization that comprises Bitcoin, indicating that Bitcoin has rebounded and is dominating the crypto market’s list of assets.

Notably, Bitcoin has not reached the 60%+ level since March 3, 2021, when it peaked at 60.3%. The current ascent suggests that Bitcoin’s dominance could climb to between 66% and 70% before the end of the next quarter. This resurgence after a long 48-month period suggests that Bitcoin’s price might record a significant uptick in the coming days, despite reservations about the current bull rally.

As of the latest reports, Bitcoin is trading at $90,250, following a 3.26% increase in its price. Investors have shown significant interest, with open interest in Bitcoin registering a 7.09% uptick. A total of 710,620 BTC, valued at $63.73 billion, have been committed to Bitcoin’s future price action. This resurgence in Bitcoin Dominance might have triggered investors to pivot to digital assets amid global market uncertainties, with Bitcoin being a clear favorite.

Bitcoin is currently 18.58% away from its previous all-time high (ATH) of $109,114.88, which it achieved in January 2025. The current development is likely to support BTC’s breach of the psychological $100,000 level. If momentum is sustained, the asset could push toward a new ATH, as some projects predict BTC will reach $150,000 before the end of 2025. Meanwhile, Ethereum’s dominance has dropped by 1.63% to 7.1%, with the remaining altcoins standing at 29.4%.