Bitcoin’s market share drops as altcoins gain ground
Sometimes, the first cryptocurrency is given unusual and amusing labels. According to crypto analyst Michaël van de Poppe, Bitcoin is as slow as a snail and is gradually losing its dominance in the cryptocurrency market. And that is very disappointing.
The decline in BTC’s dominance began at the end of July, during its yearly peak, when Bitcoin accounted for a record share of digital asset capitalization in 2025. However, the token subsequently lost its edge. To date, BTC’s share has fallen by 11.33%. Currently, the market value of all Bitcoins in circulation amounts to 58.54% of the total capitalization of all created virtual assets. Nevertheless, van de Poppe believes that the negative trend will continue, and Bitcoin’s bottom may not be far off.
“Bitcoin dominance will definitelу decrease (it is alreadу decreasing). But upward rebounds are not excluded. I would not be surprised if this figure increases to 60-61% in the next few weeks before the next downward trend wave,” van de Poppe emphasized.
The current fluctuations in Bitcoin’s dominance are now unstable. Previously, in September 2022, BTC’s market share dropped to a multi-year low of 38.9%. As for the current level of Bitcoin’s market superiority, it remains high, but the analyst sees further room for a decline.
“The total hegemonу of Bitcoin will come to an end if altcoins rise in price against the background of a stable or graduallу decreasing BTC rate,” van de Poppe concluded. He forecasts a sixfold increase for some digital assets, especially Ethereum. Against this backdrop, the expert recommends investing not in BTC, which declined by 6% over the past month, but in other tokens with higher potential.