Bitcoin proved that this market dominance was not short-lived during the first half of 2025, never dropping below 55% market dominance. This shows a trend away from Bitcoin competition back towards Bitcoin. Bitcoin’s market dominance peaked at an extraordinary 65.1% on June 27, a testament to its still overwhelming effect on the overall market, as illustrated by our charting data.
Despite Bitcoin’s immense market share over this period, its price action was surprisingly range-bound. Bitcoin as a result was able to beat out most of the legacy names, landing one of the top 20 gainers of the day with 14% returns.
Market analysts such as Daan Crypto Trades have picked up on this trend. They point out that the third quarter has historically been the weakest for Bitcoin and Ethereum. The characteristic drop in trading activity and liquidity during the summer months can affect market performance.
For most of 2020, the total market capitalization of cryptocurrencies remained below the $3 trillion mark. Fifth, the trend indicates that investors continue to be very hot on the asset class. Ethereum's dominance held steady at 8.9%. In much the same way as Bitcoin, Ethereum has performed the worst on average in the third quarter of each year. XRP came close to keeping its head above the water too, recording similar modest gains of 5%.
In addition to the issuance of new tokens, the market for that issuance skyrocketed, hitting all-time highs. On April 17, a staggering 184,087 new tokens launched in a single day, indicating a vibrant, albeit potentially volatile, market for new crypto assets.
Additionally, on March 11, the Crypto Fear and Greed Index reached an extreme fear score of 15. This lower plunge means that investors are feeling intense fear in the market. By May 23, the index went up to a peak of 76. This spike was the embodiment of pinnacle greed and was the definitive turning point in market sentiment.
Of those tokens, Four, a BinaryX ecosystem token, stood out as the top performer. Maple Finance, a DeFi lending token, took the runner-up slot as one of the strongest performers. This milestone underscores the breadth of assets fueling market activity.
