Доминирование биткоина

Trading crypto often feels like seismology: you track faint tremors, analyze historical fault lines, and try to predict the big one. But with the arrival of Bitcoin ETFs, the ground beneath our feet has fundamentally shifted. The market's climate may have changed faster than anyone realized. Given the relentless chatter about "altseason" and a final euphoric peak, we are genuinely curious whether the relationship between Bitcoin's dominance and the altcoin market captures something deeper than a simple capital rotation. If so, maybe we could finally forecast the blow-off top before it consumes us. Decoding the Blow-Off Top The crypto community is buzzing with a term that signals both massive opportunity and extreme risk: the blow-off top. Understanding this phenomenon is crucial for navigating what many believe could be the final, most explosive phase of a bull cycle. So, what is a blow-off top? It's a chart pattern characterized by a sudden, near-vertical price surge driven by mass euphoria and FOMO (Fear Of Missing Out). This parabolic move marks the peak of a bull market and is almost always followed by a sharp, dramatic correction. The blow-off top historically happened later in the Acceleration phase - Source: Fidelity Digital Assets But timing a blow-off top requires understanding what drives it. Historically, this final explosive phase has been triggered by a specific market dynamic: the rotation from Bitcoin into altcoins. To spot it coming, we need to understand why this cycle's rotation pattern looks different. Dominance, Deviation, and Destiny For as long as we can remember, the market had an elegant beat. First, Bitcoin would rise, capturing all the attention and capital. Then, like a king graciously stepping aside, its market share (or "dominance") would fall. This was the signal. Capital would then cascade into the rest of the market, launching the explosive, chaotic, and wildly profitable period we all know as "altseason." When a market plays the same song for years, it's not a coincidence. It’s a market breathing in and out. But this time, the music is different. As Bitcoin surged to new all-time highs, the party for altcoins never truly started. Bitcoin's gravity has become stronger, its market share holding stubbornly high. The capital cascade has been more of a hesitant trickle. Recent Bitcoin Dominance (BTC.D) readings hover around 60% - Source: TradingView Why is the old rhythm failing us? The answer is simple: institutional money. Bitcoin ETFs have created a powerful new source of institutional demand that tends to favor Bitcoin specifically. While these vehicles bring substantial capital into crypto, their Bitcoin-focused mandates mean this money largely remains concentrated in BTC, creating an anchoring effect that makes the traditional dominance decline pattern less predictable. Think of it this way: in the past, Bitcoin’s dominance would hit a ceiling and then reliably fall back. Now, that ceiling has become a new floor. This is the most important story of the current cycle. The old maps are misleading because the landscape has been redrawn. The gravitational center of the crypto universe has shifted, and until we accept that, we're flying blind. At The Edge of Altseason So, if the old signal is broken, what should we be watching? The answer lies in the duel between the market's two titans: Bitcoin and Ethereum. Ethereum is the leader of the altcoin kingdom. It's the canary in the coal mine. While most altcoins have struggled against Bitcoin's immense gravity, Ethereum is starting to show signs of life. It’s coiling, gathering strength, and pressing against a long-term barrier. The ETH/BTC ratio currently trades around 0.032 - Source: TradingView A sustained drop in Bitcoin Dominance (BTC.D) below 50%, if confirmed by a decisive breakout in the ETH/BTC ratio above 0.065, would be a strong historical indicator that the market is entering a full-blown 'altseason.' This is the signal to watch. If Ethereum can decisively start outperforming Bitcoin, it will be the crack in the dam. It will signal that capital is finally confident enough to move away from the safety of Bitcoin and into the riskier, higher-reward world of altcoins. A true Ethereum breakout would be the green light we've been waiting for—the official start of the cycle's final, explosive act. Until then, stay sharp, be cautious. A Few Final Thoughts For investors concerned about a blow-off top, remember: The final phase of a rally is often the most dangerous, with the highest risk for new entrants. These measures can help mitigate risk: ● Take profits strategically (DCA): Consider locking in some gains. The wise trader doesn't try to catch the absolute peak; they take profits on the way up. Know your exits. ● Consider a stop-loss strategy: A well-placed stop-loss isn't a sign of fear; it's a mark of discipline—an anchor holding you steady if a sudden downturn occurs. Important Caveat: Market analysis is inherently probabilistic, not predictive. This cycle's structural changes mean past performance may not indicate future results. Multiple scenarios remain possible. 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.

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.