‘99% chance’ Bitcoin dominance has peaked if Ethereum surge continues
2025-07-16 06:37:18
Main Idea
Crypto analyst Matthew Hyland suggests there is a 99% chance Bitcoin's market dominance has peaked if Ethereum's bullish trend continues, as money flows into ETH and altcoins.
Key Points
1. Matthew Hyland stated that if ETH remains bullish against BTC, it is 'basically impossible' for Bitcoin dominance to increase further.
2. Bitcoin dominance is currently at 63.82%, up 9.89% since Jan. 1 but down 1.35% over the past 30 days and 1.85% over the past week.
3. Ether has surged 19.87% in the past week, trading at $3,117, indicating strong investor interest in ETH and altcoins.
4. Bitcoin's short-term consolidation is expected, but analysts predict a potential uptrend later in the year despite current 'Strong Sell' signals.
Description
The odds are low that Bitcoin dominance will continue pushing higher if Ether holds its current bullish uptrend, says crypto analyst Matthew Hyland
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