Bitcoin market share

Coingecko: In Q1 of this year, the total market capitalization of the crypto market fell by 18.6% to $2.8 trillion, while Bitcoin strengthened its dominant position against the trend

ChainCatcher news, according to the Coingecko quarterly report, the total market capitalization of cryptocurrencies fell by 18.6% to $2.8 trillion in the first quarter of 2025. Bitcoin further solidified its dominance in the market downturn, with its market share rising to 59.1% (a new high since 2021), while altcoins generally performed poorly. The shares of stablecoins USDT and USDC increased, while Ethereum's market share dropped to a five-year low of 7.9%.​1. Bitcoin outperforms traditional risk assetsBitcoin broke through $100,000 in January, reaching an all-time high, but ended the quarter at $82,514 (a decline of 11.8%). Its performance outpaced the Nasdaq index (down 10.3%), but lagged behind gold (up 18%) and U.S. Treasury bonds. Analysts pointed out that the strengthening of the yen and euro, adjustments in monetary policy, and geopolitical uncertainties have intensified market volatility.​2. Ethereum and altcoins under pressureEthereum's price plummeted 45.3% to $1,805, erasing all gains made in 2024, with daily trading volume shrinking to $2.44 billion. Leading altcoins like Solana (SOL), XRP, and BNB experienced smaller pullbacks, highlighting Ethereum's relative weakness. Meme coins suffered a significant setback due to the exit of Argentine President Javier Milei's related project LIBRA, with daily token deployment on the Pump.fun platform dropping by 56.3%.​3. Changes in exchange landscapeThe spot trading volume of centralized exchanges (CEX) decreased by 16.3% to $5.4 trillion, with Binance maintaining a market share of 40.7%; HTX became the only platform in the top ten to see growth (+11.4%), while Bybit's trading volume was halved due to a hacking incident in February. Among decentralized exchanges (DEX), Solana led Q1 with a 39.6% share, but Ethereum briefly reclaimed the top spot in March. The total value locked (TVL) in DeFi fell by 27.5% to $12.86 billion, while the new public chain Berachain's TVL rose against the trend to $5.2 billion.

Binance Research: Bitcoin market share reaches its highest level since April 2021

ChainCatcher news, Binance Research released the mid-2023 report, which states that the crypto industry shows signs of sustained growth, with significant developments across multiple sectors and overall robust performance. Among them, Bitcoin's market share reached its highest level since April 2021 at the end of the half-year, with a price increase of over 87% year-to-date, significantly outperforming many TraFi investments. Meanwhile, the correlation between Bitcoin and TraFi is currently at a multi-year low.In terms of stablecoins, the global stablecoin market cap decreased by 7%, while USDT's market share increased by 25.8% year-to-date. Compared to the global cryptocurrency market, DeFi's dominance has declined by 0.5%.Regarding NFTs, the trading volume of NFTs in the first half of 2023 increased compared to the second half of 2022, mainly driven by the increased activity in the Blur market at the beginning of the year. However, due to the decline in the floor prices of many NFT collections, the performance of NFTs in the overall crypto market has also been relatively weak. Compared to the second half of 2022, the trading volume of NFTs in the first half of 2023 increased, mainly driven by the increased activity in the Blur market at the beginning of the year. However, due to the decline in the floor prices of many NFT collections, the performance of NFTs in the overall crypto market has been relatively weak. (Source link)
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