Bitcoin’s dominance: the potential effect on the encryption markets and assessments of Altcoin | Flash news details

On April 24, 2025, KokCAPITALLC, a prominent figure in the Crypto Twitter (CT), has managed about the future of CT in a scenario where Bitcoin becomes the dominant cryptocurrency and all altcoins decrease in value to zero (Kokcapitallc, April 24, 2025). This statement, despite speculation, demands a detailed analysis of the current case of the cryptocurrency market and its potential future path. At the time of Twitter, Bitcoin was trading at $ 75,000, reflecting a significant increase in its previous value of $ 60,000 on April 1, 2025 (Coinmarkketcap, April 24, 2025). Bitcoin trading on this day was about 35 billion dollars, indicating the strong market activity (CoinMarkcap, April 24, 2025). Meanwhile, the total market value of all cryptocurrencies was $ 1.5 trillion, as Bitcoin represents 55 % of this number (CoinMarketCAP, April 24, 2025). This domination of bitcoin led to a noticeable decrease in the value and trading of the size of many altcoins. For example, ETHEREUM, which was trading at $ 3,200 on April 1, 2025, decreased to $ 2800 by April 24, 2025, with a decrease in trading volume from $ 15 billion to $ 10 billion during the same period (Coinmarketcap, April 24, 2025). Bitcoin RSI on April 24, 2025, in 72, indicates that it is close to the excessive conditions in his arrest (TradingView, April 24, 2025). On the contrary, RSI for ethereum was 45 years old, indicating a more neutral feeling in the market (TradingView, April 24, 2025). Bitcoin chain on the series of active addresses, with 1.2 million active titles on April 24, 2025, showed an increase of one million on April 1, 2025 (Glassnode, April 24, 2025). This indicates an increased interest and participation with Bitcoin. On the other hand, the active ETHEREUM addresses decreased from 700,000 to 600,000 during the same period (Glassnode, April 24, 2025), reflecting a decrease in the user’s participation. Bitcoin trading, such as BTC/USDT and BTC/ETH, showed increased liquidity, with BTC/USDT pair trading $ 20 billion on April 24, 2025 (Binance, April 24, 2025). On the other hand, the size of the ETH/USDT pair fell to $ 5 billion from 8 billion dollars during the same period (Binance, April 24, 2025). These trends refer to the transformation of the market towards Bitcoin’s dominance, which may lead to a future where Altcoins becomes less important.

The effects of Bitcoin’s dominance on trading strategies and market dynamics are great. As its share in the market in Bitcoin, traders are increasingly focused on Bitcoin trading and strategies. For example, the BTC/USDT trading volume increased by 25 % from $ 16 billion on April 1, 2025, to $ 20 billion on April 24, 2025 (Binance, April 24, 2025). This size shift indicates an increased preference for bitcoin trading directly against Stablecoins such as USDT. On the contrary, the trading volume of Altcoin couples such as ETH/BTC decreased by 30 %, from 3 billion dollars to $ 2.1 billion during the same period (Binance, April 24, 2025). This decrease in the trading volume in Altcoin indicates that merchants move away from Altcoins and focus more on Bitcoin. The market morale, as measured by the Fear and Granding Index, was on 78 on April 24, 2025, indicating a high level of greed in the market (alternative. M, April 24, 2025). This feeling is likely to be driven by the performance of the strong Bitcoin and the increasing dominance of Bitcoin on the market. MacD Betcoin showed a bullish intersection on April 22, 2025, where the MACD line moves over the signal line, indicating the continuation of the bullish direction (TradingView, April 24, 2025). On the other hand, MACD showed Ethereum a landmark on April 20, 2025, moving the MACD line below the signal line, indicating the potential declining pressure (TradingView, April 24, 2025). These artistic indicators support the shift towards bitcoin and away from Altcoins. Bitcoin chain, such as the number of transactions per day, increased from 300,000 on April 1, 2025, to 350,000 on April 24, 2025 (Blocchain.com, April 24, 2025). This increase in the volume of transactions reflects the increasing activity and interest in bitcoin. On the other hand, the volume of Ethereum transactions decreased from 1.2 million to 1 million during the same period (ETHERSCAN, April 24, 2025), indicating a decrease in the network activity. These trends indicate that Bitcoin can continue to grow, which may lead to a future where Altcoins becomes less important in the market.

From the perspective of technical analysis, Bitcoin prices and trading volumes provide clear visions in the direction of the market. On April 24, 2025, the Bitcoin price increased by 2.5 % from 73,200 dollars to $ 75,000 (Coinmarketcap, April 24, 2025). Bitcoin trading on this day amounted to 35 billion dollars, an increase of $ 30 billion on April 23, 2025 (CoinMarkcap, April 24, 2025). This increase in both the price and the size indicates a strong purchase pressure and the continuous upward feeling. The average stirring rate for 50 days for Bitcoin was $ 68,000 on April 24, 2025, while the moving average was 200 days at $ 60,000 (Tradingvief, April 24, 2025). The fact that the current price of bitcoin is higher than both moving averages indicates a strong upward trend. Bollinger Bitcoin ranges showed the domain expansion on April 24, 2025, with the upper range of $ 78,000 and the bottom division at $ 70,000 (TradingView, April 24, 2025). This breadth indicates an increase in fluctuations and the possibility of more price movements. The trading volume of the BTC/USDT pair on Binance was $ 20 billion on April 24, 2025, an increase of $ 18 billion on April 23, 2025 (Binance, April 24, 2025). This increase in the trading volume of the BTC/USDT pair reflects the increasing liquidity and interest in bitcoin trading directly against Stablecoins. On the other hand, the trading volume of the ETH/BTC husband fell on Binance from $ 2.3 billion on April 23, 2025, to $ 2.1 billion on April 24, 2025 (Binance, April 24, 2025). This decrease in the trading volume of Altcoin pairs supports the trend towards bitcoin dominance. Bitcoin chain, such as the retail rate, increased from 200 EH/S on April 1, 2025, to 220 EH/s on April 24, 2025 (Blockchain.com, April 24, 2025). This increase in the retail rate reflects the growing security in the network and the participation of miners. On the other hand, the ETHEREUM segmentation rate of 900 from Th/S to 850 th/S during the same period (ETHERSCAN, April 24, 2025) decreased, indicating a decrease in network safety. These trends indicate that Bitcoin can continue to grow, which may lead to a future where Altcoins becomes less important in the market.

Common questions:
What is the current market share for Bitcoin in the cryptocurrency market? On April 24, 2025, Bitcoin’s market share reached 55 % of the total market value of the cryptocurrency (Coinmarketcap, April 24, 2025).
How did Bitcoin’s trading changed recently? Bitcoin trading volume increased from $ 30 billion on April 23, 2025, to 35 billion dollars on April 24, 2025 (Coinmarketcap, April 24, 2025).
What are the technical indicators that indicate a budget direction for Bitcoin? MACD for Bitcoin showed a bullish intersection on April 22, 2025, and the current price is higher than both moving averages for 50 days and 200 days (Tradingview, April 24, 2025).