Bitcoin still dominates crypto market by 61.5% | by Yumi Sumiko (Crypto Story teller) | The Capital | Mar, 2025
The cryptocurrency market has been moving at a slow and steady pace over the past 24 hours, showing little to no dramatic shifts.
This might not be the exhilarating price swings some traders look for, but it does suggest a moment of stability, a calm before the storm, perhaps?
As of today, the global crypto market is valued at $2.72 trillion, experiencing only a minor dip of about 0.45%.
While this may seem insignificant, as a seasoned trader, you know that even small changes can hint at bigger moves ahead.
The market’s total trading volume sits at $72.59 billion, which reflects a quiet but firm engagement from investors.
Bitcoin, always the market’s guiding star
Bitcoin, the undisputed leader of the crypto world, has remained range bound, trading within a narrow window. At the time of writing, its price stands at $83,122.82, down 0.65% in the past 24 hours.
While it may appear sluggish, its trading volume has actually increased by over 5% to $24.16 billion, a sign that investors are still actively buying and selling.
“Bitcoin is moving in a tight range, and until it breaks above $86,500, we won’t see a clear bullish move. If it does, the next target would be $90,000.”
One of the positive signals, however, is that Bitcoin spot ETFs have seen a substantial $232 million in inflows, the first time in weeks that such a large amount has been funneled in. This suggests that institutional investors remain confident in Bitcoin’s long-term potential.
Ethereum, the silent player
Ethereum, Bitcoin’s closest competitor, has also been moving without much fanfare. Currently trading at $1,902, it has dipped slightly by 0.35% in the past day.
Despite the small price change, its trading volume has jumped by 5.5%, indicating that activity around the asset remains strong.
Traders are keeping a close eye on Ethereum as it inches towards the $2,000 mark, a psychological level that could ignite further buying momentum.
Stablecoins, a quiet powerhouse
While stablecoins don’t usually grab headlines, they play a critical role in keeping the crypto ecosystem liquid. Tether (USDT), the most traded stablecoin, continues to dominate the space.
In the past 24 hours, its trading volume surged by 9%, reaching $56.09 billion, despite its price remaining unchanged at $0.9998.
This reinforces the fact that traders are constantly moving funds in and out of stablecoins, ensuring the market remains dynamic.
Therefore, what lies ahead?
The overall cryptocurrency market remains in a holding pattern. Bitcoin dominance is standing firm above 61.5%, meaning the majority of market activity is still centered around the king of crypto.
Interestingly, smaller altcoins, referred to as “OTHERS” (assets outside the top 10), have given back most of their gains since last November when the markets were euphoric over political shifts in the U.S.
For those watching the market closely, this period of sideways movement is often the precursor to a big breakout.
When Bitcoin and Ethereum remain stable for an extended period, they tend to accumulate strength for a more decisive move, either up or down.
If you’ve been on the fence about crypto, this could be a golden moment to position yourself before the next major move.
The key takeaway here is that institutional money is still flowing into the space, and the fundamental factors driving adoption, like ETFs and global investment interest, remain intact.
Finally..
The crypto market may be flat today, but history has shown us time and again that this asset class rarely stays still for long.
As investors keep a close eye on the key resistance levels, the coming days could be pivotal. Will Bitcoin make its move toward $90,000? Will Ethereum finally break past $2,000? The market is watching, and so should you.
I write engaging content about crypto and related topics. If you enjoy my work, don’t forget to clap and follow for more updates!
