Bitcoin has reached a new milestone at $123,000, strengthening its position in the cryptocurrency market. Analysts expect this to lead to further strength through the cycle peak in October 2025.
Price Growth and Current Bitcoin Market Share
Bitcoin holds a 63.9 percent market share, with a 0.13 percent daily increase. Ethereum stands at 9.6 percent, up by 0.23 percent, while the rest of the cryptocurrencies account for 26.5 percent with a decrease of 0.36 percent. This indicates renewed investor interest in Bitcoin despite significant altcoin activity.
Dominance Cycles and 2025 Projections
Historical analysis shows that Bitcoin's dominance follows a multi-year cycle. Analyst Benjamin Cowen notes that current trends are reminiscent of 2017, 2019, and 2023. He suggests that dominance will increase again by the end of October 2025.
Institutional Demand and Its Impact on Bitcoin
Increasing institutional and sovereign demand enhances Bitcoin's role in the current market. This brings a more stable and long-term demand for BTC, which in turn supports its price positions.
The current trends and institutional support signal that Bitcoin's dominance is likely to continue through late 2025, highlighting its significant role in the cryptocurrency market.
