Bitcoin's Dominance Surges to 64% as Crypto Market Hits $3 Trillion

Bitcoin’s dominance in the cryptocurrency market has propelled the overall market value to surpass the $3 trillion mark. This significant milestone was reached in early trading on May 1, as indicated by data from CoinMarketCap. The surge in the market value can be attributed to renewed investor interest, which was sparked by developments in US policy under President Donald Trump.

Bitcoin, the leading cryptocurrency, has been a key driver of this growth, contributing nearly $2 trillion to the overall market valuation. Its strong performance has been bolstered by rising institutional inflows and its relative stability amidst ongoing global trade tensions. This has resulted in Bitcoin’s market dominance exceeding 64%, highlighting its growing role as a preferred asset among investors seeking exposure to the emerging industry while managing risk in a volatile economic environment.

Despite this significant rebound, the current market value still lags behind the all-time high of $3.9 trillion recorded in December 2024. That earlier surge had coincided with mounting expectations around Trump’s return to office and his pro-crypto stance. The widening gap between Bitcoin and altcoins reflects the flagship crypto’s growing dominance in the market.

Analysts have noted that the conditions have pushed Bitcoin’s market dominance past 64%. This metric reflects the flagship crypto’s growing role as a preferred asset among investors seeking exposure to the emerging industry while managing risk in a volatile economic environment. The strong performance of Bitcoin, bolstered by rising institutional inflows and relative stability during ongoing global trade tensions, has widened the gap between it and altcoins.