Bitcoin News Today: Bitcoin Dominance Falls to 60.83% as Altcoins Hold $1.44 Trillion Amid Institutional Selling

Bitcoin’s dominance has retreated to 60.83%, marking a notable shift in the cryptocurrency landscape as altcoins consolidate a $1.44 trillion market cap amid intensified institutional selling [1][2]. This decline follows a sharp drop in Bitcoin’s dominance from over 63% to 59% within a week, though the metric recently rebounded slightly [3]. The move reflects broader investor sentiment favoring alternative cryptocurrencies, driven by stable on-chain activity and a diversification of capital flows.

The altcoin market has maintained resilience despite Bitcoin’s 5% pullback from its all-time high of $123,091, trading at $116,585.09 as of July 25. Ethereum, the second-largest cryptocurrency by market cap, has seen its share rise to 11.7%, while other altcoins account for 17.87% of total market value [2][4]. This trend is attributed to Ethereum’s recent rally, which has outpaced Bitcoin in performance, and growing optimism around altcoin projects amid a broader market capitalization of $3.83 trillion [5].

Technical analysis highlights Bitcoin’s struggle to hold key Fibonacci retracement levels. The 62.5% retracement level at 62.51% acted as resistance, pushing dominance below this threshold and signaling potential continued pressure on Bitcoin’s market share. Analysts note that if dominance falls below 60.43%, further declines toward 59% or 57% could accelerate capital rotation into altcoins [3]. Conversely, a retest of the 62.5% level could indicate renewed Bitcoin strength, though current trends suggest bearish momentum [3].

Bitcoin’s price remains near $117,520, a 1.27% increase in 24 hours, with critical support near $115,430 and resistance at $118,000. Traders are monitoring whether the price stays above $117,770 to gauge potential upward movement toward $120,000 [5]. Meanwhile, macroeconomic factors are influencing market dynamics. Upcoming U.S. economic data, including June JOLTs job openings, second-quarter GDP, and Federal Reserve decisions, have heightened volatility. Inflows into U.S. crypto spot ETFs, however, have partially offset sell pressure, with $227 million into Bitcoin ETFs and $231 million into Ethereum ETFs on July 25 [5].

Analysts caution that Bitcoin’s dominance could remain under pressure unless it reclaims critical thresholds. Mitrade’s report warns that if dominance stays above 60%, a resurgence to key levels could trigger altcoin sell-offs [6]. However, Ethereum’s 1.9% gain in 24 hours, contrasting with Bitcoin’s 1.8% decline, underscores altcoin innovation and adoption [5].

The altcoin market has also benefited from macroeconomic anxieties. As investors hedge against potential rate hikes or economic slowdowns, demand for niche projects offering DeFi, NFTs, and blockchain scalability solutions has surged. On-chain data confirms stable activity across altcoin networks, indicating sustained utility and adoption [1].

While Bitcoin remains the largest cryptocurrency, its role as the primary growth driver faces challenges. A Medium analysis notes that Bitcoin’s dominance has softened from 66% to 60%, yet it continues to anchor the crypto ecosystem [7]. The interplay between Bitcoin’s volatility and altcoin innovation will likely define the sector’s trajectory in the coming months.

Sources:

[1] [Bitcoin News Today: Bitcoin Dominance Drops 60.83% Altcoins Hold 1.44 Trillion Cap Heavy Institutional Selling](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-dominance-drops-60-83-altcoins-hold-1-44-trillion-cap-heavy-institutional-selling-2507/)

[2] [Altcoins Hold Steady as Bitcoin Faces Heavy Sell Pressure](https://www.thecoinrepublic.com/2025/07/25/altcoins-hold-steady-as-bitcoin-faces-heavy-sell-pressure-heres-why/)

[3] [Over $100B Gone From Crypto Markets as Altcoins Get Obliterated Market Watch](https://cryptopotato.com/over-100b-gone-from-crypto-markets-as-altcoins-get-obliterated-market-watch/)

[4] [Crypto Market Climbs Above $3.87T Led by Altcoin Momentum](https://blockchainreporter.net/crypto-market-climbs-above-3-87t-led-by-altcoin-momentum/)

[5] [Cryptos Trade Weak, Bitcoin Drops Below $115k](https://www.rttnews.com/3557665/cryptos-trade-weak-bitcoin-drops-below-115k.aspx)

[6] [No Altcoin Season If Bitcoin Dominance Reclaims This Level](https://www.mitrade.com/au/insights/news/live-news/article-3-980807-20250723)

[7] [Why Bitcoin Remains the Cornerstone of Crypto’s $4 Trillion Ecosystem](https://medium.com/technicity/why-bitcoin-remains-the-cornerstone-of-cryptos-4-trillion-ecosystem-604b651c6ed7)