Bitcoin News Today: Bitcoin Dominance Falls Below 60% as Altcoins Surge in Value and Volume

Bitcoin’s market dominance has dipped below 60% for the first time since January 2025, marking a notable shift in investor sentiment and capital flow toward alternative cryptocurrencies [1]. The decline, which began in late June and continued through late July and into early August, aligns with historical patterns observed during previous "altcoin seasons," where attention and investment move from Bitcoin to high-utility altcoins [5].

Ethereum (ETH) has emerged as a leading performer, with its dominance rising by 100% from a 12-month low in April. The token's price has surpassed $4,700, and its trading volume reached $63.5 billion in the last 24 hours [1]. This surge is attributed to ongoing adoption of Ethereum’s Web3 infrastructure and growing institutional interest in its ecosystem [1].

Binance Coin (BNB) has also benefited from the shift in capital, with its price surging 72% from a 2025 low to reach a new all-time high in late July [1]. Chainlink’s LINK token has experienced a 60% rise in dominance since June and recorded $2.3 billion in 24-hour trading volume [1]. Additionally, the token’s total value secured has increased by over 90% year-over-year, reflecting growing institutional trust in its decentralized oracle infrastructure [1].

The broader altcoin market has seen a surge in trading volumes and investor interest, with Google searches for “altcoin” hitting a five-year high [5]. This trend mirrors past periods when Bitcoin’s dominance fell into the 59–61% range, prompting capital to rotate into large-cap altcoins such as Ethereum and Solana [5].

Analyst Benjamin Cowen has predicted that altcoins may outperform Bitcoin in August 2025 due to the drop in Bitcoin’s dominance below 60% for the first time in six months [3]. Institutional investors have also been cited as a key driver behind the altcoin rally, favoring projects with strong utility and real-world adoption [4].

Litecoin and XRP have drawn attention for their regulatory clarity and established market credibility [1]. XRP, in particular, is gaining renewed interest following its recent legal victory against the SEC. Meanwhile, HYPE—a meme-based token—has attracted whale investors after a 360% price surge over the last six months [1].

The ongoing rotation of capital into altcoins suggests that the current bull market is favoring projects with strong fundamentals and utility [1]. However, investors are being urged to closely monitor trading volumes, on-chain metrics, and dominance trends to identify long-term value [1].

The shift in Bitcoin’s dominance highlights a dynamic and evolving market structure where altcoins are increasingly competing for investor attention and capital allocation [1]. If Bitcoin fails to regain its previous dominance, the trend could signal a broader structural shift in how market participants allocate resources across the cryptocurrency landscape [1].

Source: [1] Ethereum News Today: Altcoin Season Unfolds as Bitcoin ... (https://www.ainvest.com/news/ethereum-news-today-altcoin-season-unfolds-bitcoin-dominance-slides-60-2508/)

[2] Bitcoin will either 'Godzilla' up or drop on 'alt mania ... (https://cointelegraph.com/news/bitcoin-will-godzilla-up-or-sell-off-as-alt-mania-peaks-samson-mow)

[3] Bitcoin News Today: Altcoins Gain Momentum as ... (https://www.ainvest.com/news/bitcoin-news-today-altcoins-gain-momentum-bitcoin-dominance-slips-60-2508/)

[4] Institutional Demand Fuels Altcoin Growth and Bitcoin's ... (https://www.coinreporter.io/2025/08/institutional-demand-fuels-altcoin-growth-and-bitcoins-dominance-dip/)

[5] Google 'altcoin' searches hit 5 year high as 'alt szn' fever ... (https://cryptoslate.com/google-altcoin-searches-hit-5-year-high-as-alt-szn-fever-returns-to-retail-traders/)