Bitcoin dominance tops 61% as altcoin activity recovers

Bitcoin’s share of total crypto market capitalization rose above 61% on Wednesday, the highest level since November 2025. At the same time, measures of altcoin activity showed early signs of recovery, with Binance altcoin volumes up 49% over the past two months and TOTAL3 market capitalization increasing 17% to $765 billion.

Bitcoin dominance moved from about 58.44% at the start of April to roughly 61.3% midweek. Bitcoin has gained about 36% since its Feb. 6 low near $60,000, while many smaller tokens lagged through much of the spring.

Exchange data indicate increased trading interest in non-BTC, non-ETH tokens. When measured against combined BTC and ETH futures trading, altcoin volume share on Binance rose to 49% on Wednesday from 31% in March. Centralized-exchange metrics that exclude the five largest cryptocurrencies also show a steady rise in altcoin trading volume over recent weeks.

Technical and on-chain indicators reflect partial recovery in altcoin markets. TOTAL3, which tracks the market capitalization excluding Bitcoin and Ether, reached a two-month high of about $765 billion after a 17% increase. On Binance, roughly 12.6% of listed altcoins have reclaimed their 200-day simple moving average. The average altcoin’s gap below its 200-day SMA narrowed to about 23.47% from roughly 44.4% earlier in the cycle.

The 90-day AltSeason Index, which measures how many altcoins outperform Bitcoin over a set period, climbed to 28.6, marking its fastest rise in months. Readings above 75 have been associated with stronger, broad-based altcoin cycles.

Crypto analyst Darkfost noted that Bitcoin’s 36% gain since Feb. 6 helped push dominance to about 61.3% and described the rotation into altcoins as moderate compared with the altcoin rally in 2024. Market analyst CW8900 pointed out that the AltSeason Index has not reached values seen in prior altcoin cycles and that early 2024’s peak was low relative to earlier periods.