Bitcoin Dominance Hits 62%: Altcoins Left in the Shadows

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Bitcoin Dominance Hits 62%: Altcoins Left in the Shadows

Bitcoin regained its position to control 62% of the overall digital currency market in February 2021. Bitcoin holds more than 60% of total market value now indicating its strong resistance to market fluctuations compared to alternative coins. 

Expert analysts watch BTC price actions near $102,000 CME Gap as they gauge its influence on future market developments. The market value share of Bitcoin has reached its highest level since February 2021. Due to Bitcoin’s strength the remaining coins have fewer chances to grow in total market share. 

Bitcoin’s 2021 Peak and Tesla’s Influence on the Market

Bitcoin hit its largest market dominance percentage in 2021 at the same time as Tesla invested $1.5 billion into BTC and decided to take Bitcoin as payment. When Bitcoin received the Tesla news about accepting crypto payments the market value hit $44,000 before reaching its yearly peak of over $68,000.

The entire cryptocurrency sector faces problems even though Bitcoin remains dominant. People invested carefully because a worldwide slowdown and economic tension became worse when former USA President Donald Trump began putting trade fees on Mexico, Canada, and China. The current economic situation pushes many alternative coins to lag behind Bitcoin when it comes to market growth.

South Korea’s Bitcoin market shows strong buying interest because cryptocurrency selling prices here remain 12% above prices on worldwide cryptocurrency exchanges. Currently, this premium stands at 12%, the highest in three years. The wide difference in prices shows that Korean traders place strong demand for BTC despite market uncertainties.

The Role of Market Cycles in Bitcoin and Altcoin Trends

Technical traders closely follow $102,436 as a significant CME price gap level. CryptoRover confirms that Bitcoin moves towards filling empty price spaces on the CME futures market when it restarts operation. The market tendency for Bitcoin to reverse course may cause a price drop soon.

As Bitcoin gains more value people expect altcoin prices to grow later in 2025. Past markets demonstrate that Bitcoin’s steady period attracts money to alternate crypto coins which increases prices fast.

Bitcoin controls the crypto sector direction since it leadership stands alone in this field. Investors will assess if Bitcoin keeps rising in value before other digital coins regain market attention.

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