Altcoins Gain Ground as Bitcoin Dominance Nears 59%

Source: CoinTribune Original Title: Altcoins Gain Ground as Bitcoin Dominance Nears 59% Original Link: https://www.cointribune.com/en/altcoins-gain-ground-as-bitcoin-dominance-nears-59/ Crypto markets are showing a notable shift, with major altcoins recording solid gains. Bitcoin’s share of the overall market has weakened and is now nearing 59%. Capital rotation toward higher-beta assets has followed, renewing discussion around a potential altcoin-led phase.

In Brief

• Bitcoin trades near $89,644 but lags major altcoins as dominance weakens and overall market momentum shifts toward higher-risk assets.
• XRP and Dogecoin lead gains, with meme coins and mid-cap tokens rising as trading activity spreads beyond Bitcoin.
• Ethereum climbs above $3,100, holding key support levels after months of weakness and showing improved short-term price strength.
• Public firms increased ETH buying in Q3, briefly lifting the ETH/BTC ratio and adding pressure to Bitcoin’s market share.

Bitcoin Momentum Stalls as Altcoin Trading Activity Rises

Recent sessions indicate a gradual easing of Bitcoin’s dominance across the crypto market. After remaining near 60% for much of the year, that level is now close to slipping lower. Price stability has held, but relative performance continues to lag several large-cap tokens.

Bitcoin (BTC) is trading near $89,644, up approximately 1.7% over the past 24 hours. Momentum remains subdued despite the advance. Market sentiment stays bearish, with the Fear and Greed Index at 29. BTC is also trading below its 200-day simple moving average and is down roughly 7% year over year.

By contrast, altcoins have posted broad gains across the market:

• XRP climbed 6% over the past 24 hours and is nearing the $2 mark.
• Dogecoin rose 10.51% to $0.139, leading meme coins in performance.
• Shiba Inu and other smaller tokens moved higher in tandem.
• Ethereum added 4.36% to trade around $3,114 following months of limited movement.
• Altcoin trading volumes rose further as Bitcoin dominance eased.

Public Companies Increase ETH Holdings, Lifting ETH/BTC Ratio

Ethereum, in particular, has begun to show renewed momentum after an extended period of underperformance. ETH has closed higher on 17 of the past 30 days, accounting for about 57% of the period. Price action is now holding above key support levels, supporting improved short-term trader sentiment.

Earlier in 2025, Bitcoin dominance remained at historically elevated levels. Later in the year, capital flows shifted toward altcoins as interest in Ethereum-focused treasury strategies grew. That move was followed by a pullback as attention around those firms intensified.

Several publicly listed companies accelerated ETH accumulation during the third quarter, outpacing Bitcoin purchases. This activity temporarily increased the ETH/BTC ratio. While it remains uncertain whether these trends will develop into a sustained altcoin cycle, recent price action suggests traders are increasingly positioning beyond Bitcoin.