Altcoins are losing ground to the two giants, Bitcoin and Ethereum.

Bitcoin regains prominence amid macroeconomic corrections, with almost 60% dominance in the crypto market, while alternative cryptocurrencies or “alts” lose structural traction.

Although several altcoin projects, such as Zcash and Filecoin, are attracting attention on social media and specialized forums, the structural behavior of the crypto market shows a different reality. 

According to CoinMarketCap's altcoin index, these alternative coins or "alts" are losing ground to the two big ones: Bitcoin and Ethereum. Bitcoin's dominance is once again close to 60%., while the altcoin index hovers around 30 points, a clear sign that the market is going through what is known as “Bitcoin season”.

This resurgence of the leading crypto, according to experts, is due both to internal market dynamics and to macroeconomic factors that are shaping investor behavior. 

This month, Bitcoin trades near $100.000Although it has registered brief dips below that level, and a larger correction of 18% from its all-time highs in October, BTC's price fluctuations have occurred amidst a prolonged US government shutdown, reduced expectations of further rate cuts by the Federal Reserve, and ongoing trade tensions on various fronts.

Bitcoin regains prominence

Bitcoin's dominance, measured by its relative weight compared to the rest of the crypto market, has returned to levels not seen since mid-year. With nearly 60% market share, according to recent data, this figure not only reflects renewed interest in the most established asset in the ecosystem, but also a reconfiguration of capital preferences in times of uncertainty.

Ethereum, for its part, maintains a solid position, although without the momentum that characterized its previous cycles. Altcoins, on the other hand, show increasing fragmentation. 

Although some like Zcash and Filecoin are succeeding peaks of social visibilityThese developments, however, do not translate into sustained consolidation in terms of market capitalization or volume for the sector. The altcoin index at 30 points suggests a loss of structural relevance compared to major assets in recent weeks.

Macroeconomic uncertainty impacts crypto 

The global economic environment is putting significant pressure on financial markets, and cryptocurrencies are no exception. The prolonged US government shutdown has generated fiscal uncertainty, impacting confidence in risk assets. Adding to this is the Federal Reserve's (Fed) revised interest rate expectations, which anticipate a more conservative stance toward the end of the year.

These conditions have led to a reconfiguration of risk appetite. Bitcoin, with its digital store narrative and superior liquidity, is positioned as the preferred asset in this scenario. Ethereum retains its appeal due to its smart contract ecosystem, but altcoins, with some exceptions, face greater challenges in justifying their value in an environment of lower risk tolerance.

Furthermore, trade tensions between economic blocs persist, impacting growth projections and putting pressure on emerging markets. In this context, capital tends to concentrate in assets with greater resilience and less exposure to specific volatilities. Bitcoin's dominance reflects this dynamic, solidifying its role as a benchmark asset during times of adjustment.