Bitcoin Reclaims 64% Share as Ethereum Gains Momentum
This shift marks a turning point in crypto capital flows. For many investors, Bitcoin remains the safe harbour amid global market volatility and rising macroeconomic uncertainty. According to the Financial Times, heightened Bitcoin dominance is underpinned by 'heightened institutional investment,' with major hedge funds such as Millennium Management and Brevan Howard among top ETF holders. Smaller tokens have lost ground as smart money funnels into the more established and liquid assets.
Ethereum's revival reflects this evolving dynamic. Once languishing with just over 7 per cent market share in April, it has rebounded to 9.3 per cent. Analysts attribute the rise to improving investor sentiment and increasing adoption of Ethereum-based applications. Technical indicators also support a bullish outlook: Ethereum's market value has risen nearly 48 per cent over the past three months, compared to Bitcoin's 31 per cent.
ADVERTISEMENT
Chart patterns signal a potential inflection. Bitcoin dominance has encountered resistance at around 64–65 per cent, hinting at a possible reversal. Analysts such as 'Astronomer' on social platforms point out that Bitcoin's market share is approaching a critical ceiling and may soon recede—a shift that historically precedes renewed altcoin activity.
Investor behaviour appears to reflect this emerging balance. Spot Ethereum ETFs have attracted sustained inflows, with over US$1.3 billion entering ETH products across 19 consecutive days. Additionally, 'smart money' whale activity in ETH protocols indicates a strategic accumulation, even as retail traders step back. These large-scale holders are said to control nearly 27 per cent of the total ETH supply—an indication of growing institutional confidence.
Market analysts underscore that Bitcoin dominance near 64 per cent still keeps altcoins marginalised. Daan Crypto warns that unless Bitcoin dominance dips below this level, funds will remain weighted toward Bitcoin. The Altcoin Season Index—a metric tracking the performance of top altcoins relative to Bitcoin—currently sits in the 30s, suggesting a fading but not yet full-blown move into altcoins. Historically, a shift above 75 triggers more substantive altcoin rallies.
Nevertheless, proponents argue that liquidity rotation is underway. Ethereum's rise is seen as the vanguard, often signalling broader market rotation into high-cap alternatives. As Maxwell Mutuma noted, 'Altcoins have spent a good part of 2025 playing catch‑up…with Bitcoin's dominance at 64 per cent, it's certainly raised some concerns,' even as 'Ethereum's recent surge hints at a broader altcoin rotation'.
Despite current trends, caution remains. Analyst Severino has advised that although technical indicators support a pullback in Bitcoin's dominance, any full-scale altcoin rally is not yet assured. He emphasises that meaningful declines below 62 per cent in Bitcoin dominance would be needed to confirm a structural shift in asset allocation.
Ethereum stands at the centre of this crossroads. With its market share approaching 9.3 per cent, ongoing technological updates such as the upcoming Pectra upgrade may reinforce investor confidence and drive further capital inflows.
The current scene paints a narrative of cautious optimism. Bitcoin remains firmly dominant, buoyed by institutional demand, but Ethereum's resurgence signals that capital is beginning to trickle back into the altcoin space. Whether this marks the vanguard of a broader altcoin resurgence or simply a temporary reprieve will depend on whether Bitcoin dominance retreats from its 64 per cent plateau.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
43 minutes ago
- Arabian Post
Figma Joins IPO Wave with $70 Million Bitcoin Treasury Move
Figma has filed its S‑1 registration to go public on the New York Stock Exchange under the ticker 'FIG', and disclosed holdings of approximately $69.5 million in a spot Bitcoin ETF as of 31 March 2025. The filing also confirms that the board approved allocating $30 million in USDC for later conversion into Bitcoin, signalling a strategic embrace of digital assets. Financial disclosures reveal robust growth for the design‑collaboration platform, with Q1 2025 revenue surging to $228.2 million—marking a 46 per cent increase year‑on‑year—and net income tripling to $44.9 million. For the full year 2024, revenue reached $749 million, although a net loss of $732 million was recorded, compared to a $738 million net income in 2023. The company attributes the swing to one‑off charges and substantial investments in artificial intelligence, areas identified as core to its long‑term strategy. The Bitcoin holdings stem from a board‑approved $55 million investment in a Bitwise Bitcoin ETF on 3 March 2024, which has appreciated roughly 27 per cent to $69.5 million. The additional $30 million USDC allocation was approved on 8 May 2025 to facilitate further Bitcoin purchases, highlighting a phased approach to crypto acquisition. Figma's investment approach positions Bitcoin alongside money‑market instruments, Treasuries and corporate bonds, comprising around 4 per cent of its $1.07 billion cash and equivalents as of 31 March 2025. ADVERTISEMENT The IPO comes more than a year after regulators in the UK and EU blocked Adobe's proposed $20 billion acquisition of Figma in late 2023. That deal's collapse redirected the company toward strengthening its independent market position. Referral to Morgan Stanley, Goldman Sachs, J.P. Morgan and Allen & Co as lead underwriters underscores the prominence of the offering. Figma's embrace of Bitcoin reflects a growing trend among public and pre‑public tech firms deploying crypto assets as part of corporate treasury strategies. Firms such as Coinbase, Circle and MicroStrategy have drawn attention for similar moves, with some recording sharp stock gains driven by their crypto exposure. Analysts caution that such positions expose companies to the volatility of digital assets, though fairness accounting treatment under US GAAP ensures unrealised ETF gains flow through other comprehensive income, not immediate profit and loss. AI remains a central strategic pillar. CEO Dylan Field underscored in the filing that Figma intends to double down on AI investments, even if it affects short‑term efficiency, describing such outlays as essential to evolving design workflows. The platform, used by 95 per cent of Fortune 500 companies and 78 per cent of the Forbes 2000, has expanded its offerings—from website‑building and digital illustration to AI‑assisted coding and enhanced marketing tools. The IPO filing indicates Figma will use proceeds to repay debt, fund working capital needs and pursue acquisitions—while retaining dual‑class share structures aimed at preserving founder control. This structure assigns Class A one‑vote shares to public investors, while Class B and C shares—with greater voting power—remain with the founders through proxy agreements, ensuring strategic continuity. Figma's dual‑track strategy—combining IPO ambitions with a diversified digital‑asset treasury—positions it at the intersection of mainstream tech capital markets and crypto innovation. The move may draw investor interest from those seeking exposure to design‑tech growth and blockchain‑linked assets under a unified corporate strategy.
Al Etihad
an hour ago
- Al Etihad
flydubai breaks ground on new aircraft maintenance centre at Dubai South
2 July 2025 16:01 DUBAI (ALETIHAD)flydubai, the Dubai-based carrier, has broken ground on its new aircraft maintenance centre at Dubai multimillion dollar facility, set to complete construction in the last quarter of 2026, will ensure an increased level of control and quicker maintenance turnaround for the carrier's growing over 32,600 square metres, the maintenance centre will house an aircraft hangar, support workshops and office buildings. The construction of the aircraft maintenance centre underscores flydubai's dedication to strengthening its inhouse capabilities, and reflects the carrier's growing maturity as it expands its fleet and groundbreaking ceremony was attended by a senior delegation led by Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, who joined Ghaith Al Ghaith, Chief Executive Officer of flydubai, as well as representatives from the Mohammed bin Rashid Aerospace Hub (MBRAH).Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, said: 'We are proud to witness the groundbreaking of flydubai's new aircraft maintenance centre at Dubai South, a key milestone that reflects the airline's continued growth and operational advancement. This facility reinforces our commitment to supporting the aviation sector through state-of-the-art infrastructure and to further positioning Dubai as a leading global hub for aviation.'Commenting at the ceremony, Ghaith Al Ghaith, Chief Executive Officer at flydubai, said: 'This investment marks a significant milestone for flydubai. Since launching operations in 2009, we have made great strides in enhancing connectivity and driving innovation, and the development of our new aircraft maintenance centre will play a key role in the next chapter of our growth journey. "This is a strategic step towards supporting our growing maintenance requirement and capacity as we take delivery of more aircraft, and reaffirms our long-term commitment to innovation, operational efficiency and supporting Dubai's position as a global leader in aviation and business excellence.'The carrier signed an agreement with MBRAH for its first purpose-built aircraft maintenance centre at the 2023 Dubai in Dubai South, the district offers an aviation and logistics ecosystem that makes it an ideal location for the carrier's facility. The maintenance centre will be situated near Al Maktoum International Airport (DWC), set to become the world's largest airport upon to support flydubai's ambitious growth plans, the new maintenance centre will be home to the carrier's expanding team of more than 600 skilled engineers working in line maintenance, technical services, materials and workshops, tasked with guaranteeing the safety and airworthiness of flydubai's offers global aerospace players investment opportunities, and is a free-zone destination for the world's leading airlines, private jet companies, MROs, and associated industries. Located in and developed by Dubai South, MBRAH is also home to maintenance centres and training and education campuses. It seeks to strengthen engineering industries to foster the emirate's vision of becoming a leading aviation has partnered with Group AMANA, a leading regional company that specialises in the design-build of industrial and commercial facilities, to deliver a modern facility built to the highest international standards in the heart of Dubai South. At the 2023 Dubai Airshow, flydubai placed its fourth order for 30 Boeing 787 Dreamliners. Today, the carrier has built a modern and efficient fleet of Boeing 737 aircraft, and is expected to receive more than 120 Boeing 737 MAX aircraft over the next decade.
TECHx
an hour ago
- TECHx
Dubai Airshow 2025 Registration Opens for Aviation Event
Home » Smart Sectors » Travel & Hospitality » Dubai Airshow 2025 Registration Opens for Major Aviation Event Dubai Airshow has announced that registration is now open for its 19th edition. The event will be held from 17th to 21st November at Dubai World Central. It aims to transform the aviation sector through a programme designed to enhance engagement, connectivity, and innovation. This edition will provide a platform to accelerate future technologies and strengthen cross-sector collaboration. It reflects the UAE's ambitious vision and keeps pace with rapid growth in the aviation sector. According to the International Air Transport Association (IATA), the aviation sector contributes US$92 billion to the UAE's GDP. This equals 18.2 percent of the total GDP. The Middle East's commercial aircraft fleet is expected to grow at an annual rate of 5.1 percent over the next decade. Dubai Airshow maintains its position as one of the largest and most influential aviation events globally. It brings together decision-makers and innovators to shape the future of aviation and defence. Specialists and stakeholders will have the opportunity to secure their place at the forefront of innovation. Major General Dr. Mubarak Saeed bin Ghafan Al Jabri, Executive Director of the Military Committee organising Dubai Airshow, said the event highlights the UAE's growing leadership in aviation and defence. He revealed that the Ministry of Defence is committed to advancing innovation and building future military capabilities. He added that the event will introduce a new style of corporate networking. This includes a first-of-its-kind gathering on the runway at SkyDive Dubai. The event will feature drone shows, skydiving performances, music by renowned DJs, and premium hospitality services. The 2025 edition will also launch its first-ever night-time programming. This unique experience will run on the second day until 21:00. Attendees can explore static aircraft displays, enjoy evening receptions, and watch drone displays under the stars. Dubai Airshow 2025 will continue to support innovation and sustainability. The industry is accelerating efforts to adopt efficient and environmentally friendly solutions. The event will also host VISTA, the premier hub for aviation and space startups. Additionally, the NextGen Leaders programme and a new Academy will equip emerging talent with skills and guidance. The Aerospace Executive Club will bring together senior executives to discuss industry trends and cooperation. The event will feature a comprehensive delegation programme co-hosted by the UAE Ministry of Defence, Dubai Civil Aviation Authority, and the Government of Dubai. It will include an AI-powered matchmaking system via the official event app to facilitate networking. Timothy Hawes, Managing Director of Informa Markets, said Dubai Airshow has always focused on driving aviation and defence forward. He reported that the 2025 edition will be the most comprehensive and future-focused to date. The event will create more opportunities for networking, showcasing pioneering technologies, and supporting the region's growth strategies. Furthermore, Dubai Airshow will engage youth through initiatives that promote education, opportunity, and innovation. Skyview, the only platform of its kind in the UAE, will open to the public. It is expected to welcome over 15,000 visitors over five days. Visitors will enjoy live flying displays, interactive experiences, and entertainment. Key points: Dubai Airshow 2025 registration is now open for the event at Dubai World Central. New night-time programming and exclusive networking at SkyDive Dubai will be introduced. The event emphasizes innovation, sustainability, and youth engagement in aviation.
