A notable shift occurred last Wednesday in the cryptocurrency markets, as Bitcoin’s market dominance climbed to 61 percent—the highest level seen since November 2025. This figure had stood at 58.44 percent at the start of April. Over the past two months, Bitcoin’s strengthening presence indicates that the broader uptrend in the market continues to favor BTC.
Surge in altcoin trading volume
While Bitcoin remains in the spotlight, there are clear signs of renewed activity in the altcoin market. On Binance, altcoin trading volume surged by 49 percent over the past two months. Additionally, 12.6 percent of altcoins listed on Binance have managed to reclaim their positions above the 200-day simple moving average.
According to data from crypto analytics platform CryptoQuant, the increase in altcoin market volume has been steady. Back in March, altcoins accounted for 31 percent of the total BTC and ETH derivatives volume on Binance, but by last Wednesday, this share had risen to 49 percent. This trend points to a renewed flow of market attention towards alternative crypto assets, following several months where investors focused mostly on Bitcoin and Ether.
Crypto analyst Darkfost noted that since early February, when Bitcoin hovered near $60,000, the leading cryptocurrency has gained 36 percent in value and its dominance has reached 61.3 percent. While altcoins have seen a slower recovery, some indicators are beginning to signal improvement, according to the analyst.
The TOTAL3 index, which serves as a benchmark for the overall altcoin market (excluding BTC and ETH), rose by 17 percent in the past two months, hitting $765 billion. Despite this growth, the pace of the altcoin rally is still lagging behind Bitcoin’s performance.
Expert perspectives on market trends
Market analyst CW8900 highlighted that increased trading activity on centralized exchanges underscores growing investor interest beyond just Bitcoin. The analyst pointed out that, aside from the top five cryptocurrencies, altcoin trading volumes have shown a consistent upward trend.
In parallel, the AltSeason Index climbed to 28.6 over the last 90 days, marking its fastest recovery in recent months. This indicator primarily reflects periods when altcoins outperform Bitcoin. Index values above 75 typically indicate the start of a strong altcoin season.
CryptoQuant’s data further shows altcoins are still trading 23.47 percent below their 200-day average, a marked improvement from an earlier gap of 44.4 percent, suggesting the market is emerging from a weaker phase.
Balance of power between Bitcoin and altcoins
Recent data signals a robust rebound in the altcoin market after a subdued period. Despite this recovery, Bitcoin’s market dominance continues to rise, and the extent to which altcoins can share in this momentum remains to be seen as the market evolves.
Comparing with past altcoin upswings, analysts caution that the current transformation has not yet entered an aggressive phase, and overall sentiment in the sector remains cautiously optimistic.
