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Bitcoin Dominance Rises Above 61% as Altcoins Show Early Recovery Signs
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Bitcoin Dominance Rises Above 61% as Altcoins Show Early Recovery Signs

Bitcoin market dominance climbed above 61% on Wednesday, reaching its highest level since November 2025 and reinforcing Bitcoin’s leadership across the crypto market. The metric has increased steadily from 58.44% at the beginning of April as capital continued flowing into BTC during the latest rally.

Tristan R.
By Tristan R.

Senior Author · May 7, 2026

2 min
Key takeaways
Bitcoin Market Dominance Continues to Strengthen Bitcoin market dominance climbed above 61% on Wednesday, reaching its highest level since November 2025 and reinforcing Bitcoin’s leadership across the crypto market.
The metric has increased steadily from 58.44% at the beginning of April as capital continued flowing into BTC during the latest rally.
Bitcoin market dominance weekly chart Bitcoin has gained nearly 36% since its February lows near $60,000, outperforming most major altcoins during the same period.

Bitcoin Market Dominance Continues to Strengthen

Bitcoin market dominance climbed above 61% on Wednesday, reaching its highest level since November 2025 and reinforcing Bitcoin’s leadership across the crypto market. The metric has increased steadily from 58.44% at the beginning of April as capital continued flowing into BTC during the latest rally.

Bitcoin market dominance weekly chart

Bitcoin has gained nearly 36% since its February lows near $60,000, outperforming most major altcoins during the same period. Despite this, analysts say early signals of recovery are starting to emerge across the broader altcoin market.

Altcoin Trading Activity Begins to Recover

Data from Binance showed altcoin trading volume rising sharply over recent weeks. Altcoins accounted for 49% of combined futures trading volume against Bitcoin and Ethereum, up from 31% in March.

Altcoin dominance by volume.

At the same time, the TOTAL3 index, which measures the crypto market excluding Bitcoin and Ethereum, climbed 17% to around $765 billion. Roughly 12.6% of Binance-listed altcoins also reclaimed their 200-day simple moving averages, signaling improving technical momentum.

Altseason Indicators Still Remain Weak

Although market participation is expanding beyond Bitcoin, analysts caution that the current recovery remains far below previous altcoin cycle peaks. The AltSeason Index recently climbed to 28.6, still well below the 75 level typically associated with strong altcoin rallies.

Crypto Market Rotation Could Continue

Rising exchange activity and improving technical indicators suggest traders are slowly rotating capital back into selected altcoins. However, Bitcoin continues to dominate overall market sentiment as institutional demand and spot inflows remain concentrated in BTC.

Altcoin performance, on average, relative to the 200-day SMA.
How markets are positioning

Live market reaction

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Gold
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$DXY
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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.

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About the author

Tristan R.
Tristan R.

8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.