Bitcoin News Today: Bitcoin Market Dominance Drops to 61.35% as Altcoins Expand Share in $2.33T Market

Bitcoin’s market dominance has retreated to 61.35%, signaling a shift in investor sentiment as alternative cryptocurrencies expand their share of the $2.33 trillion crypto market [1]. This decline follows a peak of 66.03% in early July and a subsequent correction to 60.43%, the lowest level since the pullback [1]. Technical analysts attribute the drop to Bitcoin’s failure to hold key Fibonacci retracement levels, particularly the 62.5% resistance at 62.51%, which has acted as a barrier since mid-July [1]. The inability to sustain this threshold suggests ongoing pressure on Bitcoin’s market share and raises expectations of a prolonged “altseason,” where capital increasingly flows into smaller cryptocurrencies [1].

The weakening dominance of Bitcoin coincides with a surge in altcoin activity, driven by macroeconomic uncertainty and institutional selling pressures. Ethereum, for example, has seen its market share rise to 11.7%, up from 11.3% in a single day, as traders speculate on its potential to surpass its all-time high of $3,728.75 [2]. Meanwhile, Ethereum-based spot ETFs recorded $231 million in inflows on July 25, contrasting with mixed performance across other major tokens. BNB (BNB) edged up 0.32% overnight, while Solana (SOL) fell 2.8%, highlighting divergent trajectories within the altcoin segment [2]. Dogecoin (DOGE), however, has erased over 28% of its value year-to-date despite 30-day gains exceeding 40% [2].

Despite the decline in Bitcoin’s dominance, its price remains resilient, hovering near $117,520—a 1.27% increase in 24 hours [1]. Intraday analysis identifies strong support near $115,430 and resistance at $118,000. If Bitcoin sustains above $117,770, analysts project a potential rally to $120,000 [1]. However, the broader market remains volatile, with the total crypto capitalization dipping to $3.83 trillion amid global economic headwinds, including central bank caution and proposed U.S. tariffs [2]. Bitcoin spot ETF inflows provided temporary relief, with $227 million entering U.S. products on July 25 [2].

Market observers highlight that Bitcoin’s dominance staying above 60% could still trigger a reversal in altcoin fortunes. A rebound above the 62.5% Fibonacci level might reignite confidence in Bitcoin, potentially curbing altcoin gains [1]. Conversely, if the bearish trend persists, altcoins could see heightened trading activity and price momentum in the coming weeks. The interplay between Bitcoin’s dominance and altcoin performance will likely remain a key barometer for investor sentiment, particularly as the market awaits pivotal data releases, including the U.S. Federal Reserve’s interest rate decision and inflation readings [2].

The altcoin segment’s resilience is further underscored by a 27.7% share held by smaller projects, indicating capital reallocation beyond major coins like Ethereum [2]. This diversification reflects a maturing ecosystem, though volatility persists. For instance, Bitcoin’s price dipped below $115,000 on July 25—a 5% pullback from its July 14 high of $123,091 [2]. Analysts caution that while altcoins gain traction, Bitcoin remains the primary growth engine for the broader crypto market [2].

As the market navigates macroeconomic uncertainty, the balance of power between Bitcoin and altcoins will hinge on critical technical levels and macroeconomic outcomes. The coming weeks, marked by high-impact data releases, will determine whether this trend solidifies or reverses.

Sources:

[1] [Bitcoin Dominance Drops to 60.83% as Altcoins Hold](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] [Cryptos Trade Weak, Bitcoin Drops Below $115k](https://www.rttnews.com/3557665/cryptos-trade-weak-bitcoin-drops-below-115k.aspx)

[4] [If ETH Breaks Its All-Time High, These Altcoins Will...](https://www.ccn.com/analysis/crypto/ethereum-altcoins-all-time-high/)

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

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