Bitcoin Dominance Reaches New Cycle High: Key Trading Signals for Crypto Markets | Flash News Detail
Bitcoin dominance has reached a new cycle high, marking a significant shift in the cryptocurrency market landscape as of May 2, 2025, at 10:30 AM UTC, according to a widely shared update from Crypto Rover on Twitter (Source: Crypto Rover Twitter, May 2, 2025). Specifically, Bitcoin’s dominance rate surged to 58.3%, the highest level recorded in this market cycle, reflecting a growing preference for Bitcoin over altcoins amid uncertain market conditions (Source: TradingView, May 2, 2025, 10:30 AM UTC). This spike in dominance was accompanied by Bitcoin’s price climbing to $62,450, up 3.2% in the last 24 hours, while major altcoins like Ethereum (ETH) and Binance Coin (BNB) lagged behind with gains of only…
