Dominância do Bitcoin

There have been times when Bitcoin prices show a move subsequent to the economic outlook. The most recent movement to be recorded was on October 24: Bitcoin rose to around $110,000 shortly after the Bureau of Labor Statistics released their CPI numbers for September, and it has since held support in the $108,000–$110,000 range. That’s too coincidental to be a coincidence, and this article aims to shed light on the magnitude of macroeconomic effects on crypto traders’ behaviour. TL;DR: Bitcoin is no longer an isolated asset. Its price is increasingly connected to the traditional economy, often moving in sync with the stock market and reacting strongly to major economic news like inflation (CPI) reports. The main reason for this is massive institutional adoption. The huge success of spot Bitcoin ETFs is integrating crypto into the global financial system by bringing in billions of dollars from big players. How cryptos find their way into the global financial system Bitcoin has made global headlines persistently since 2017 and is now considered an emerging asset class. The promising technology behind cryptocurrencies as well as the scarcity of many digital assets (including Bitcoin) secures them a place on many big players’ balance sheets, therefore, any change in the economic policy can lead to an adjustment in crypto demand from these stakeholders. More obvious correlation between Bitcoin and other assets A blog post by the International Monetary Fund (IMF) earlier 2022 shows that Bitcoin price has been tracking the stock market more effectively since 2021, and that trend has evolved further into 2025. Source: newhedge.io Meanwhile, recent data from Matrixport tells us that the correlation between Bitcoin price and the tech-savvy NASDAQ 100 has fluctuated but remained positive overall. The largest cryptocurrency displays a clear tendency to move in tandem with the stock market in general, meaning what hits the stock market could also hit Bitcoin. The relationship between Bitcoin and bonds is yet to be confirmed, but the recent trend shows a negative correlation, once again proving the correspondence between Bitcoin and stocks. If you are not familiar with the subject, bonds and stocks usually have an inverse relationship, which is to say stocks go up when bonds decline. With Bitcoin dominance hovering around 59%, the global crypto market often shows signs of progress when there is a rise in BTC price. That would make crypto indirectly subject to economic policies. Growing presence of traditional institutions in crypto markets One word for the financial world must be ‘interconnectedness’. In many cases, derivatives products can function as forecasts of spot prices, giving hints into the expectation of investors in the next periods. When talking about the S&P 500 or NASDAQ 100, we know that they are representatives of the U.S. largest companies, hence these indices can demonstrate the general market sentiment. In the case of cryptocurrencies, and Bitcoin in particular, there are several things to watch out for: the global market cap, the 24-hour spot volume, futures open interest rates, futures 24-hour volume, long/short ratio, and Bitcoin ETFs. Bitcoin ETFs give participants of traditional markets the opportunity to capitalise on the lucrative returns of BTC without holding the digital asset directly. And the growing number of Bitcoin ETFs, especially with the SEC's approval of spot Bitcoin ETFs in early 2024, leading to record inflows throughout 2025, reflects the enormous demand from institutional investors, who can exert substantial influence on Bitcoin prices. Even BlackRock, the world’s biggest asset manager with more than US$10 trillion in assets under management, has seen massive success with its iShares Bitcoin Trust (IBIT), which has amassed nearly $100 billion in AUM as of October 2025 and generated over $240 million in annual revenue, making it the firm's most profitable ETF. The sentiment observed in such markets will eventually be transferred to the Bitcoin spot market, thus triggering a price reaction from cryptocurrencies. Funding is another aspect that could mirror the behaviour in traditional finance (TradFi) markets. Forecasts now indicate that direct institutional investment into Bitcoin is set to accelerate significantly. It is fair to assume that the period of 2024-26 has perfectly collided with the influx of capital, with institutional adoption accelerating. Source: UTXO Management & Bitwise Asset Management How crypto markets react to macroeconomic changes Considering the ties between cryptocurrencies and TradFi actors and the fact that the economic situation frames most of our life choices, the decision to invest in digital assets should, of course, be affected by macroeconomic changes. Inflation & Interest rates There are several ways through which inflation can impact crypto prices. A healthy dose of inflation is an indicator for a reasonable rise in spending, which, in turn, stimulates production, guarantees jobs, and relieves the repayment obligations for debtors. However, the FED will step up to curb rampant inflation by raising interest rates. Often referred to as the next-gen hedge against inflation, Bitcoin and cryptocurrencies are believed to perform better when the consumer price index (CPI) soars. Is that really the case? Let’s consider the time frame from February to March 2025 below. This period was marked by a high correlation between Bitcoin and the NASDAQ 100 and widespread market reaction to signs of inflation's moderation. High inflation hurts investors, as their profits may turn out to be losing after being adjusted. And some studies point out that there might be a negative correlation between stock value and inflation, meaning that earnings may contract during periods of spiralling inflation. Another thing affected by higher interest rates is the cost of borrowing, hence the reduction in funding reserves for crypto startups and the availability of capital, be it for investment or trading purposes. Meanwhile, falling BTC prices (often triggered by higher rates or inflation fears) can point to better prices and higher volume of BTCUSDT funds such as ProShares’ Short Bitcoin Strategy ETF (BITI), as well as a great opportunity for other Bitcoin trusts to accumulate the digital asset. You can be part of the price determination process Bitget futures trading is an indispensable product of crypto exchanges for two main reasons: (1) many use futures to resist a sudden movement in crypto prices and (2) now that some countries regulate the holdings of crypto assets, futures trading offers a gateway to crypto trading without ownership. Bitget provides 690+ pairs for futures trading, with a maximum leverage of 125x. Your position on Bitget futures can serve as a buy/sell signal for traders of the corresponding spot markets. If you don’t know much about trading, we suggest you check out Bitget Copy Trade, Bitget’s product designed to encourage crypto derivatives trading. The trader network of Bitget consists of experienced traders and copiers, with the former mapping out a comprehensive trading strategy so that the latter can make profit just by initiating identical orders. That way, you do not only help determine the final price for crypto assets but can also earn good money without too much trouble. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Ethereum has just pulled off a remarkable double milestone that’s reverberating across the crypto market. Over the weekend, ETH surged to a new all-time high (ATH) around $4,951, finally eclipsing its long-standing record from November 2021. At the same time, Ethereum’s market dominance – its share of the overall cryptocurrency market capitalization – climbed to about 14.7%, marking the highest level in nearly a year. This rare convergence of both price and market share gains underscores Ethereum’s renewed strength in 2025. It also reignites an old debate in the crypto community: could Ethereum one day overtake Bitcoin in market capitalization – a moment often referred to as the “Flippening”? While such speculation has surfaced before, Ethereum’s latest achievements have given the conversation fresh momentum. New Highs on August 25, 2025: Ethereum’s Price and Dominance Breakout Ethereum Price Source: CoinMarketCap Ethereum’s price breakout has been both swift and dramatic. On August 23–24, 2025, ETH shattered its previous peak of $4,891 (set in November 2021) and soared to roughly $4,953.73 at the top. This is the first new ATH in nearly four years, signaling that Ethereum has fully re-entered price discovery. The move coincided with a broader market rally after U.S. Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts. In fact, Powell’s comments sparked an 8% ETH jump in just one hour, and the token ended that day up nearly 15% — clear evidence that macroeconomic cues are helping fuel crypto momentum. Just as striking is Ethereum’s rise in market dominance, now sitting at around 14.5–15% of the global crypto market cap. That means nearly one in every seven dollars invested in digital assets is tied to ETH. Today’s figure of 14.65% marks the highest dominance level of 2025, reflecting how Ethereum has strengthened its position relative to other assets. Bitcoin, by contrast, has seen its dominance dip to about 58%, the lowest since early 2025. The divergence in performance has been especially sharp in recent weeks: Ethereum climbed over 23% in the past month, while Bitcoin actually slipped about 5%. This rotation of capital has boosted Ethereum’s presence and fueled the growing narrative that ETH, not BTC, is leading this leg of the 2025 bull market. Four Years in the Making: Ethereum Finally Breaks Its 2021 Peak Ethereum’s $4,953.73 ATH is more than just a number — it’s a milestone that highlights how far the asset has come since the last bull cycle. Back in November 2021, ETH peaked at around $4,891, and it has taken nearly four years for that record to be broken. Clearing that psychological barrier signals a new phase of growth, putting Ethereum firmly back into price discovery territory. When comparing market dominance, the story becomes more layered. Ethereum’s current 14–15% dominance is a strong rebound for 2025, but it still falls short of earlier highs. During the ICO boom of early 2018, ETH briefly captured nearly one-third of the entire crypto market, coming close to Bitcoin’s dominance. In the 2021 cycle, Ethereum’s share hovered in the 20–22% range, boosted by the explosion of DeFi and NFTs. By contrast, the bear markets that followed pushed ETH’s dominance into single digits, hitting lows of about 7–8% in early 2025. From that trough, Ethereum’s recovery to nearly 15% dominance today represents a significant turnaround — the strongest in over a year. In short, while Ethereum’s new ATH of $4,953.73 surpasses 2021’s record of $4,891, its market share is still more modest compared to historic peaks. That underscores two realities: the crypto market has broadened with more competitors now, and Bitcoin remains a formidable anchor at the top. Still, ETH’s ability to score both a price record and a dominance rebound in tandem shows that momentum is firmly on its side. Drivers Behind Ethereum’s 2025 Surge Ethereum’s rally to a new ATH and a dominance rebound hasn’t come out of nowhere. Several powerful forces are converging to push ETH higher in 2025: 1. Institutional Adoption and Inflows Institutional capital has increasingly turned toward Ethereum. The launch of spot ETH ETFs in 2025 attracted billions of dollars in inflows, with some single-day numbers topping $1 billion — even surpassing Bitcoin ETF flows. Major firms like BlackRock have positioned Ethereum as a core crypto investment vehicle. Public companies have also jumped in: BitMine and SharpLink reportedly hold billions in ETH, while dozens of firms collectively staked more than 4 million ETH. These moves signal long-term confidence and create steady buy pressure. 2. DeFi and Network Growth Ethereum’s on-chain activity is booming again. Daily transactions are above 2.4 million, with 1.2 million active addresses, while average fees remain manageable compared to the sky-high costs of 2021. Meanwhile, total value locked (TVL) in DeFi has surged back to about $97 billion, the highest since late 2021. This resurgence shows that Ethereum is still the beating heart of decentralized finance and Web3 applications. 3. Staking and Supply Dynamics Post-Merge, staking has become a central pillar of Ethereum’s strength. Over 36 million ETH — nearly 30% of total supply — is locked in staking contracts, reducing circulating supply and selling pressure. Staking yields of ~4–6% make ETH attractive to both retail and institutional investors. At the same time, EIP-1559 continues to burn fees, occasionally making ETH’s supply deflationary. These dynamics combine to make ETH a yield-bearing, increasingly scarce asset. 4. Macro Tailwinds Global macro conditions have also boosted Ethereum. The Federal Reserve’s more dovish tone in August 2025 — hinting at rate cuts — triggered a wave of risk-on appetite. ETH, with its yield through staking, stood out as a hybrid between tech stock growth and bond-like income. As inflation expectations cooled, Ethereum’s investment case became even more compelling for capital rotating out of traditional markets. Is the “Flippening” Back in Conversation? With Ethereum setting a new all-time high of $4,953.73 and lifting its market dominance to nearly 15%, the long-discussed idea of the “Flippening” — ETH overtaking Bitcoin in market capitalization — is back in the spotlight. The debate isn’t new. In late 2017, ETH’s market cap climbed to about 83% of Bitcoin’s, coming closer than ever to flipping BTC. During the 2021 bull run, Ethereum’s dominance surged to the 20–22% range, fueled by the rise of DeFi and NFTs, before fading again in the bear market. Now in 2025, Ethereum’s resurgence has revived the narrative. ETH has outperformed Bitcoin sharply, gaining more than 23% in the past month while BTC slipped 5%. Staking rewards, strong ETF inflows, and network growth are fueling Ethereum’s momentum and narrowing the gap. Still, even at ~15% dominance, ETH’s market cap is only about one-quarter of Bitcoin’s. To truly flip BTC, Ethereum would need to quadruple its share or see Bitcoin’s dominance collapse — a scenario most analysts see as long-term rather than imminent. For now, the flippening is best viewed as a serious conversation, not a prediction, but ETH hasn’t been this close to the spotlight in years. Ethereum vs. Bitcoin: Dominance Trends in 2025 Bitcoin Dominance Chart Source: CoinMarketCap One of the clearest signals of Ethereum’s rising strength is its dominance chart. In early 2025, ETH’s share of the market sank to multi-year lows around 7–8%, as investors piled into Bitcoin during uncertain macro conditions. Since then, Ethereum has nearly doubled its market share, climbing to about 14.65% in August, the highest level in over a year. At the same time, Bitcoin’s dominance has slipped to ~58%, its lowest of 2025. This shift highlights a rotation of capital. Over the past month, ETH surged 23% while BTC fell 5%, pushing ETH.D (Ethereum dominance) to new yearly highs. On-chain data shows whales and institutions accumulating ETH, with exchange balances at multi-year lows as coins flow into staking or cold storage. Meanwhile, Bitcoin has been consolidating after its own rally, leaving room for ETH to capture momentum. The ETH/BTC ratio also reflects this trend, hitting multi-month highs as Ethereum gains value relative to Bitcoin. Analysts note that ETH’s rising dominance often precedes broader altcoin rallies, suggesting Ethereum’s run could ignite a wider altcoin season. Still, the dominance gap remains wide, and Bitcoin tends to recover share when markets cool. For now, the charts show a clear story: in 2025, Ethereum is on the upswing, steadily narrowing the gap with its long-time rival. Forward-Looking: What Should Investors Watch Next? Ethereum’s climb to a record $4,953.73 and nearly 15% market dominance raises a tantalizing question: how far can this momentum go? Upcoming Ethereum upgrades, expanding ETF adoption, and the steady pull of staking yields all suggest ETH has room to grow. But markets thrive on uncertainty. Could a sudden macro shock, or a renewed Bitcoin rally, flip the script just as quickly as Ethereum flipped its old record? What makes this moment fascinating is the sense of possibility. Ethereum has rarely looked stronger — it’s drawing in institutions, fueling DeFi’s revival, and holding more of the crypto market than it has in over a year. Yet the flippening debate lingers just out of reach, a reminder that ETH still has a long climb to rival Bitcoin’s dominance. The coming months won’t just test Ethereum’s strength; they’ll reveal whether we’re witnessing the start of a deeper power shift in crypto, or simply another thrilling act in Bitcoin and Ethereum’s ongoing rivalry. Follow Bitget X Now & Win 1 BTC – Don’t Miss Out! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Altcoin season is a hot topic in the crypto space, marking a period when altcoins outperform Bitcoin. Typically triggered by capital moving from Bitcoin into alternative cryptocurrencies, altcoin season captures investor excitement with rapid gains in leading altcoin projects. One of the best ways to track this phenomenon is the Altcoin Season Index—a metric that measures whether a majority of the top 100 altcoins have outperformed Bitcoin over the past 90 days. If the altcoin season index is above 75, the market is officially in altcoin season; readings below 25 indicate Bitcoin dominance. Bitcoin’s recent run to a new all-time high of $123,180 has begun to cool, with capital and investor focus increasingly shifting towards altcoins. This backdrop sets the stage for wider altcoin growth. This analysis covers the latest altcoin performance, the newest technical signals, current catalysts fueling the trend, and the sectors most likely to benefit as the next altcoin season approaches. Latest Altcoin Performance: Leaders and Breakout Movers Altcoin season anticipation is rising as established tokens and fresh projects experience strong growth. As of July 21, 2025, Stellar (XLM) is leading the pack, surging 74% for the week to trade at $0.527. Cardano (ADA) is up 23% at $1.004, and Ripple (XRP) has gained 21% this week to reach $3.92. Dogecoin (DOGE) remains a retail favorite, now at $0.329 after a 16% increase. Among innovative altcoins, Sei (SEI) reached $0.416 after a 27% jump, while Ethena (ENA) sits at $0.548, rising 21% over seven days. These gains underscore the market’s renewed appetite for both legacy and emerging altcoins. Research from Delphi Digital notes that well-established coins like ADA, XLM, and XRP have even outperformed recent “hot topic” tokens in themes like AI and DePIN since the start of 2024. This rotation hints at both retail and institutional investors returning to proven projects as the possibility of a widespread altcoin season looms. Technical Analysis: Shifting Market Structure The altcoin season index trend is supported by clear shifts in technical and market structure. Bitcoin dominance has fallen to 48.2% (down from 53% in June), often a precursor to altcoin season as more capital chases returns in the broader altcoin market. The TOTAL3 index, which tracks the cumulative market cap of all crypto assets except Bitcoin and Ethereum, has entered what analysts call “Banana Zone 2.0”—a stage common before explosive altcoin rallies. Source: Techflow Trading volumes for major and mid-tier altcoins have climbed 23% month-over-month, highlighting not just speculation but an uptick in actual usage and inflows. Ethereum is stabilizing near $3,089, and the ETH/BTC pair remains firm around 0.025. A breakout in this pairing historically signals acceleration for an altcoin season. Key Catalysts for Altcoin Season 2025 The environment is primed for an altcoin season, with several catalysts converging. First among them is the surge of institutional adoption via spot Bitcoin and Ethereum ETFs, driving new liquidity into crypto markets. As ETF capital diversifies, altcoins—especially those pegged as next in line for ETF inclusion like Solana (SOL), which jumped 13% this week to $238—are seeing rising demand. Technological upgrades such as Layer 2 innovations (Arbitrum, Optimism, and more) are reducing fees and speeding up networks, making DeFi, NFTs, and other crypto applications more accessible and attractive. The market is also responding to new narratives, including blockchains integrated with AI, rapid growth in real-world asset (RWA) tokenization, and the rising popularity of blockchain gaming. Sectors to Watch for the Next Altcoin Season Certain sectors are positioned for significant gains if the altcoin season index continues higher. Enterprise-grade tokens are gaining adoption as balance sheet reserves; Solana’s fast, scalable network is leading in both RWA and DeFi integration. Tron (TRX) is vital for stablecoin settlements, with USDT circulation on Tron now above 50%. ETF-linked tokens like SOL, XRP, DOGE, ADA, and others are drawing in speculative and institutional capital, fueled by strong ETF inflow trends (Bitcoin ETFs now manage over $150 billion, and Ethereum ETFs more than $15 billion). The RWA sector is booming, with protocols like BlackRock’s BUIDL fund, Ondo, and Centrifuge collectively managing billions in tokenized real-world assets. Chainlink provides the core oracle tech for this wave, bridging traditional finance with crypto settlements. Decentralized finance (DeFi) is thriving, with Q2 2025 DEX volumes hitting $876 billion—a 6.2% jump from the last quarter. Major DEX platforms like Uniswap, PancakeSwap, and Raydium are driving ecosystem activity, exemplified by viral movements in Solana’s Letbonk.fun, which propelled BONK and RAY prices higher. Stablecoins have reached a legal milestone with the passage of the GENIUS Act on July 19, 2025, confirming their regulatory clarity in the US. These assets are now at the center of on-chain and institutional finance, acting as key units of account and bridges across DeFi and RWA protocols. Conclusion: Altcoin Season Outlook and Strategic Insights The current altcoin season index may not confirm a historic altcoin season yet, but all signs point to an impending shift. Declining Bitcoin dominance, rising altcoin volume, surging DeFi activity, and regulatory wins for stablecoins and ETFs are setting the stage for a potential altcoin market breakout. To capitalize on this trend, investors should closely monitor changes in the altcoin season index, track new ETF approvals, follow the momentum in DeFi and RWA, and stay informed on upcoming regulatory changes. Altcoin season is building momentum, and those prepared will be well-placed to benefit as 2025’s altcoin opportunities unfold.