Bitcoin dominance climbs back above 60% — but the usual cycle signals are mixed.

Bitcoin dominance has reclaimed the 60% level, yet it has spent most of 2025 grinding sideways in a tight 58–61% band. The analyst behind Into the Cryptoverse argues this reflects two competing forces: bear-market mechanics that historically push dominance higher, and the absence of the classic late-cycle altcoin rotation that would normally accelerate that move.

On the macro side, the Fed funds rate sits near 3.75% — roughly in line with the 2-year yield at 3.77%, which the analyst treats as a proxy for the neutral rate. At neutral, there is little monetary pressure to drive capital into riskier crypto assets, but equally little urgency to pile into Bitcoin as a safe haven within the space.

A further nuance: the standard dominance metric includes stablecoins, which can distort the read. Excluding stablecoins, the picture of Bitcoin's share versus active-risk altcoins looks different…

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