Bitcoin News: Bitcoin Dominance Surges Past 60%, Is the Rally to $100K Ahead?

In the latest Bitcoin news, the Bitcoin dominance in the crypto market has recently risen beyond 60%. This milestone was last achieved by Bitcoin in 2021. However, this time, the implications of this achievement are more profound. In 2021, the crypto market was comparatively smaller, with only 3,000 to 4,000 active projects. However, the market has exploded since then, with millions of cryptocurrencies active in 2025.  This exponential growth of the market means Bitcoin now has a large slice of the vast cryptocurrency pie. This speaks volumes about its market influence.

Bitcoin Price Resilient Amid Market Turbulence 

Recent weeks have displayed interesting price action for Bitcoin, as it bounced from a five-month low of around $74,000 to its current trading price of around $85,000. This surge is being linked to the positive US Consumer Price Index and the global liquidity injections. Despite rejection at $86K, the Bitcoin price has remained stable. In contrast to 2021, when altcoins like Ethereum enjoyed fantastic gains, Ethereum’s relative strength has declined sharply. The ETH/ BTC ratio has hit its lowest level since January 2020. This shows that the altcoin market share has reduced, which further cements the Bitcoin dominance. 

Experts Predict Bitcoin Dominance Could Hit 70%

Arthur Hayes, BitMEX co-founder, predicts that the Bitcoin dominance could climb as high as 70%. He claims that the growth will be driven by Bitcoin’s growing appeal as an inflation hedge due to the quantitative easing and liquidity boost. Hayes notes, “Bitcoin is increasingly seen as a safe store of value.” Meanwhile, crypto analyst Rekt Capital suggests the anticipated altseason might only begin once Bitcoin dominance touches a predicted near 71%. In the past, altcoins have tended to surge when Bitcoin’s market share decreases from this level. So, the current Bitcoin dominance may be setting up the stage for altcoins to shine soon.

Been nibbling on $BTC all day, and shall continue. Shitcoins are getting in our strike zone but I think #bitcoin dominance keeps zooming towards 70%. So we are not gorging at the shitcoin supermarket. Remember, money printing is the only answer they have.

— Arthur Hayes (@CryptoHayes) April 7, 2025

The growing popularity of Bitcoin in the vast cryptocurrency market shows that Bitcoin is slowly transforming into a competitor to stores of value like gold.  Given that, let’s quickly take a look at the latest Bitcoin price analysis and see how the prices are reacting to this milestone.

Bitcoin Price Analysis: $85K Key Level to Break 

As yesterday began, Bitcoin traded at $83,750. The price saw a positive start to the day as it ascended to $85,100 in the first hour of trading. However, the correction arrived quickly as the Bitcoin price fell to $84,100 by 2:00 UTC. It spiked again, quite similarly to the first hour, facing rejection at $85,3000. The coin was now overbought as a downtrend occurred, taking Bitcoin to $84,450. The price went on to fluctuate for a few hours before finally stabilizing and forming a trading range around 7:00 AM UTC.

Chart 1: published on TradingView, April 15, 2025

The range lasted till 12:00 UTC, when Bitcoin finally broke out upwards, going to $85,200. The EMAs rapidly interacted on the MACD, as Bitcoin dipped and then spiked quickly to $85,750. The impending reversal came within 15 minutes, with Bitcoin reeling down to $83,800. At 16:30, the signal line overtook the long-term, and Bitcoin slowly ascended to $85,200. A trend reversal followed, and Bitcoin soon dipped to $84,300 for support. A golden cross formed at 00:15 UTC, instigating an uptrend, leading Bitcoin to ascend all morning to test the $85,900 resistance.

Bitcoin Price Prediction: Can Bitcoin Stabilize Over $86K Today

The $85,000 mark has been a thorn in the side of Bitcoin’s progress. Since the Black Monday crash, Bitcoin has struggled to surpass this mark. The last 24 hours have painted a similar picture, with Bitcoin struggling to touch $ 86 K. As of now, Bitcoin is already testing the resistance. If it fails to form a range to avoid a downtrend, we could very well be looking at a return to support. However, if the bullish scenario plays out, Bitcoin will be observed closing in on the $87K mark within a day or two.