Bitcoin’s dominance in the crypto market has surged to 64.98% in early May – its highest since 2021. This marks a key moment in 2025, raising new questions about the next move for altcoins.
Bitcoin Dominance (BTC.D) represents what portion of the crypto market Bitcoin consists of. When BTC.D increases, altcoins lose value. This recent spike happened while the overall crypto market cap dropped from $3 trillion to $2.87 trillion.Â
Some crypto analysts now believe an altcoin rally could be coming. Hitting 65% is seen as a major resistance level. Analyst Darky says this could be the peak for BTC.D, and a pullback might spark fresh gains in altcoins. A classic chart pattern – the rising wedge – also suggests a possible drop in BTC.D.
Others are more careful. Milk Road points out that altcoins are still struggling. They believe BTC.D might need to reach 70% before a true altcoin season begins.
History adds more caution. BTC.D has slowly risen from 39% to 65% in three years, but most altcoin season calls have failed during this time.
Experts like Thomas Fahrer and Nic from Coinbase say there’s more to the story. They highlight factors like institutional activity, easing policies, and retail interest as key to predicting altcoin cycles.
