As the crypto market grapples with volatility, Bitcoin has seen a significant surge in dominance during the first quarter of 2025, reaching values between 59.1% and 63%. This rise is attributed to institutional investors’ preference for Bitcoin as a safe haven during uncertain market conditions. The increasing interest in Bitcoin could potentially pave the way for an upward trend in altcoin markets later this year. While Bitcoin dominance has risen, the cryptocurrency market experienced a noticeable contraction with a drop of 18.6% in Q1 2025. Ethereum’s dominance fell to 7.9%, its lowest point since 2019. Analysts anticipate a potential resurgence for altcoins later in 2025, according to CoinGecko’s Q1 2025 report.