Bitcoin Dominance Rises to 65.7%, Impacting Altcoins

Bitcoin’s market dominance reached a new high of 65.7% in May 2025, significantly influencing the performance of other cryptocurrencies. This surge is largely attributed to strong institutional demand for Bitcoin and the increasing popularity of Bitcoin ETFs. The resulting ripple effects are being felt across the entire cryptocurrency market, impacting altcoins negatively. 65.7% dominance indicates a shift towards Bitcoin as the leading digital currency, with its influence growing steadily. This trend has led to notable impacts on market dynamics, potentially signaling shifts in investor strategies.