April 22, 2025
U.Today - Bitcoin (BTC), the world’s leading digital currency, is showing promise as it has regained dominance in the cryptocurrency space. According to CoinMarketCap data, Bitcoin Dominance (BTC.D) has hit 63.5% after its price skyrocketed by 3%.
Notably, despite being a leading asset, Bitcoin has not reached the 60+% level since March 3, 2021, when it reached 60.3%. Interestingly, BTC.D is ascending and could climb to between 66% and 70% before the end of the next quarter.
This resurgence after a long 48-month period suggests that Bitcoin’s price might record a significant uptick in the coming days, despite reservations about the current bull rally.
As of press time, Bitcoin is changing hands at $90,250, following a 3.26% increase in its price. Investors have also shown significant interest, as trading volume jumped by 35.68% to $36.87 billion.
Bitcoin is currently 18.58% away from its previous all-time high (ATH) of $109,114.88, which it achieved in January 2025.
The current development is likely to support BTC’s breach of the psychological $100,000 level. If momentum is sustained, the asset could push toward a new ATH, as some projects predict BTC will reach $150,000 before the end of 2025.
Meanwhile, Ethereum’s dominance has dropped by 1.63% to 7.1%. The remaining altcoins stand at 29.4%.
This dilemma might see investors shifting from traditional assets like bonds to crypto, with Bitcoin a clear favorite.
In the last 24 hours, Bitcoin’s open interest has registered a 7.09% uptick as investors commit to the asset’s future. A total of 710,620 BTC, valued at $63.73 billion, have been committed to Bitcoin’s future price action.
This article was originally published on U.Today