The Bitcoin surge over the past three months has been nothing short of remarkable, closing out 2024 with a staggering 125% gain. The rally continued into 2025, with Bitcoin surging to an all-time high of $108,000 on January 20 before ending the month with an additional 6% increase.
This sustained Bitcoin surge has also propelled its market dominance to new heights. According to data from CryptoPresales.com, Bitcoin’s dominance ratio soared to nearly 61.5% last week—the highest level recorded since February 2021.
With its influence growing across the crypto market, Bitcoin’s surge has reaffirmed its status as the leading cryptocurrency, with investors closely watching whether the momentum will continue in the coming months.
Bitcoin`s Market Share Jumps by Nearly 10% in a Year
As one of the oldest metrics in the crypto industry, the dominance ratio measures the coin’s market cap in relation to the total cryptocurrency market. In Bitcoin`s case, it shows how the world`s largest cryptocurrency stands compared to altcoins. However, it also reflects trading sentiment, showing whether Bitcoin holds ground against stablecoins, or NFT-driven assets.
Bitcoin`s dominance ratio has seen sharp fluctuations over the years. After standing at around 95% in 2016 and 2017, when cryptos were still far away from wider adoption, it plunged to 55% in 2018. A year later, it skyrocketed to over 70% again. The Tradingview data show that 2020 saw a similar BTC market share, but by 2021 and 2022, it had dipped below 50%. This trend persisted until October 2023, when Bitcoin’s market share began climbing again.
In 2024, things changed, with key developments propelling digital currencies to new heights. Regulatory clarity in major markets, the approval of Bitcoin spot ETFs, advancements in blockchain technology, and the growth of decentralized finance (DeFi) have fueled both institutional and retail adoption, further boosting Bitcoin`s market share. By the end of the year, the BTC dominance ratio jumped to 57% and then skyrocketed to 61.5% in the past month and a half, showing a strong 10% increase in a year and reaching the highest level in four years.
XRP Market Share Also Surges, While ETH Plunges 7%
The Tradingview data show Bitcoin wasn’t the only cryptocurrency to experience significant market share gains. XRP also saw a meteoric rise, nearly tripling its dominance from 1.66% in February last year to 4.5% last week. Solana`s market share increased by 0.5% to 3.1% in this period, showing a steady but less dramatic growth.
On the other hand, the world’s second-largest cryptocurrency by market cap, Ethereum, continues losing its market share. Last week, ETH accounted for only 10.2% of the total crypto market value, 7% less than in the same month a year ago, and only half its market share peak from September 2022, when the coin held around 20% of the market.
