Bitcoin and Stablecoins Represent 72% of Total Cryptocurrency Market
Bitcoin's dominance in the cryptocurrency market is increasing, now accounting for 64.60% of total market capitalization. Together with Tether and USDC, these three assets make up approximately 72% of the crypto market, indicating a consolidation at the top.
Key points include:
- Bitcoin's market share reached levels not seen since January 2021.
- Investor preference for Bitcoin has risen due to ongoing macroeconomic uncertainty.
- Ethereum has decreased more than 50% year-to-date, with the ETH/BTC ratio dropping to 0.01765.
- Since early April, while the S&P 500 fell 6%, Bitcoin increased by 4% to trade above $88,000.
- Ethereum is trading just above $1,600.
Key technical levels for Bitcoin:
- 200-Day Moving Average: $87,965
- 2025 Realized Price: $91,565
- Short-Term Holder Realized Price: $92,385
Historically, Bitcoin enters bull markets when trading above these levels.
