BTC dominance falls to 57.5% as altcoins show resilience, but critical levels could determine the next major move
Bitcoin’s share of the cryptocurrency market, known as BTC dominance, has slipped to 57.56%, testing a key support level after weeks of steady declines. The pullback raises questions about whether altcoins are preparing for a stronger recovery phase or if Bitcoin could soon reassert its market control.
The chart highlights a clear downtrend in dominance from the June peak above 66%, with successive lower highs confirming weakening momentum. Currently, BTC dominance is holding near the green demand zone around 57%, a level that previously served as a launchpad for Bitcoin’s recovery earlier this year.
“This support band is critical. If Bitcoin dominance fails to hold here, altcoins could extend their relative outperformance in the short term,” explained BITX market analyst.
Upside resistance remains strong between 59% and 61%, marked by recent failed attempts to regain ground. The breakdown from this zone earlier in September signaled that selling pressure remains intact. Above that, the 62%–63% region represents a major hurdle, with dominance unable to sustain above it since July.
A continued slide in BTC dominance could be a signal that capital is rotating into altcoins, supporting an “alt season” narrative. However, analysts caution that Bitcoin’s price action remains the ultimate driver of risk appetite.
“Altcoins are showing strength relative to Bitcoin, but if BTC fails to hold key price levels, dominance could stabilize or rebound quickly,” said BITX crypto strategist.
For now, 57% is the battleground. A bounce from this area could restore Bitcoin’s dominance back toward 60%, while a decisive breakdown could trigger a sharp shift in market structure. Traders are closely watching whether this level holds, as it may define the balance of power between Bitcoin and altcoins heading into the final quarter of the year.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.