Bitcoin Treads Water As Dominance Falls to Lowest Level in 4 Months
2025-07-18 18:22:56
Main Idea
Bitcoin's market dominance has fallen to a four-month low as altcoins like Ether and XRP gain significant ground, while Bitcoin's price and trading volume show minimal movement.
Key Points
1. Bitcoin dominance dropped to 61.60%, a four-month low, as altcoins like Ether and XRP surged with weekly gains of 21% and 24% respectively.
2. Bitcoin's price remained relatively flat, with a 0.45% decline over 24 hours and a modest 0.53% weekly gain, trading between $117,453.24 and $120,999.61.
3. 24-hour trading volume for Bitcoin fell by 12.4% to $58.68 billion, and its market capitalization decreased by 0.57% to $2.34 trillion.
4. BTC futures open interest declined by 1.34% to $85.71 billion, while liquidations over the past 24 hours totaled $169.31 million, with $111.87 million from long positions and $54.77 million from short positions.
Description
Bitcoin dominance, a measure of the digital asset’s market capitalization relative to the broader crypto ecosystem, tumbled to a four-month low as altcoins rallied. Bitcoin Flatlines While Altcoins Gain Ground Perhaps altcoin season is upon us. That’s what the numbers seem to imply as bitcoin dominance dropped to its lowest level since March while altcoins
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