Bitcoin Dominance Drops to 58-59% as Altcoins Capture 50% Trading Volume
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Dynamics Shift: Bitcoin's dominance in the cryptocurrency market has decreased to approximately 58-59%, while altcoins have surged to capture 50% of trading volume, indicating potential shifts in market dynamics that investors need to adapt to.
- Potential Altseason: Analysts suggest that the current structural changes in the market may signal an early-stage breakout for altcoins, particularly as Bitcoin remains range-bound, leading to increased activity in alternative cryptocurrencies.
- Strategy Adjustments: With the rise in altcoin trading volume, traders are shifting their focus towards altcoin investment opportunities, and market analysts believe this could impact institutional strategies, especially regarding inflows and outflows in crypto ETFs.
- Historical Trends Insight: Historical patterns indicate that declines in Bitcoin dominance often precede growth phases for altcoins, and experts suggest that current market conditions may mirror trends seen in 2017, 2020, and 2021, potentially leading to significant altcoin outperformance.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







