There was a remarkable development in the cryptocurrency markets last Wednesday. Bitcoin’s market dominance rate increased to 61 percent, its highest level since November 2025. This rate was at 58.44 percent at the beginning of April. Bitcoin’s strength over the past two months has shown that the overall upward trend in the market still supports BTC.
Significant increase in altcoin volumes
While Bitcoin stands out in the market, there are also signs of revival in the altcoin market. Altcoin transaction volume on the Binance exchange increased by 49 percent in the last two months. Additionally, 12.6 percent of altcoins traded on Binance managed to surpass their 200-day simple moving average again.
According to data from crypto analysis platform CryptoQuant, there is a steady increase in altcoin market volume. While the ratio of altcoins to total BTC and ETH futures on Binance was 31 percent in March, this ratio climbed to 49 percent as of last Wednesday. This development indicates that market interest has started to shift to other crypto assets again, after focusing on Bitcoin and Ether in recent months.
Crypto analyst Darkfost stated that Bitcoin has gained 36 percent in value since the $ 60,000 level in early February and its dominance has increased to 61.3 percent. According to the analyst, although the recovery rate of altcoins remains slow, some indicators have started to improve.
The TOTAL3 index, which is used for the general situation of the altcoin market, reached 765 billion dollars with an increase of 17 percent in the two-month period. However, it seems that the rate of increase is lagging behind Bitcoin.
Evaluations from market analysts
Market analyst CW8900 stated that the increasing transaction activity on central exchanges reveals the interest in crypto assets other than Bitcoin. CW8900 noted that excluding the five largest cryptocurrencies, a steady increase in altcoin transaction volumes was observed.
In parallel, the AltSeason Index recorded its fastest recovery in recent months, rising to 28.6 in the last 90 days. The index mostly measures periods when altcoins gained more value than Bitcoin. Values above 75 indicate the beginning of a strong altcoin season.
According to CryptoQuant data, the performance of altcoins is still 23.47 percent below the 200-day average. However, this rate was previously at 44.4 percent, indicating that recovery has begun after the weak period in the market.
Balance of power between Bitcoin and altcoins
Latest data indicates that there has been a significant recovery in the altcoin market after recent months. But overall, Bitcoin’s market dominance remains on the rise, and whether altcoins will fully share this momentum will be shaped by subsequent developments in the market.
Analysts state that, compared to previous altcoin uptrend cycles, the transformation has not yet entered an aggressive phase and there is cautious optimism in the industry overall.
