Bitcoin’s Grip Weakens as Solana and XRP Stage a Comeback
Bitcoin’s dominance takes a minor hit—because apparently even crypto kings need a coffee break. Meanwhile, Solana and XRP are soaking up the spotlight (and capital) like altcoins at a bull market happy hour.
Solana’s rally smells suspiciously like traders rotating profits from BTC’s sideways action. XRP’s revival? Probably some hedge fund manager finally woke up from their 2021 nap. Classic crypto—where ’fundamentals’ mean whatever pumps your bag this week.
Bitcoin takes a breather
As per the day shared by Glassnode, Bitcoin dominance peaked at 64.4% on May 8. It now stands at 62.1% on May 15, with a drop of 0.9% over the last 24 hours. Since the peak, ethereum dominance has been on a surge, hitting 9.75% with almost a 2% jump in the last 24 hours. Despite the major shift, Ether still remains below its peak of 18%. However, altcoin shares hit the 28% mark.
Bitcoin’s upward run came to a halt this week as traders decided to take out some profits. BTC price dropped marginally over the last day. It is still up by a massive 19% in the past 30 days after breaking out from the $92k-$95k zone. BTC is trading at an average price of $102,289 with a volume of $42.11 billion at the press time.
$BTC dominance peaked at 64.4% on May 8. Since then, $ETH dominance climbed to 9.75% (+3%), altcoins to 22.35% (+2%), while stablecoins dropped to 6.3%. Despite the shift, $ETH and alts remain below their peaks of 18% and 28.5%. This is still a #BTC-driven cycle. pic.twitter.com/aPKsmImoWO
— glassnode (@glassnode) May 15, 2025
Data shows that Bitcoin’s long-term holder (LTH) supply ROSE from 13.66 million BTC in mid-March to 14.29 million BTC. Meanwhile, this metric has ticked down again for the second time in May. It added that BTC’s LTH realized price has climbed to $45.34K, which reflects the aging of coins bought around $90K-100K into long-term status.
This suggests that LTH is still stacking up and is nearing a record supply, and the market is finally seeing some uptick in spending. However, when the profit margin hits NEAR the $99.9K area, then these guys might start dumping with force.
Altcoin dominance jumps 4%
Altcoins’ game looked strong this week as their leader, Ethereum, finally regained the crucial $2,500k level. ethereum price surged by a whopping 26% in the last 7 days and 56% over the past 30 days. ETH is trading at an average price of $2,537 at the press time, but it did touch the much anticipated $2,700 mark in the recent upward run. Due to this, altcoins’ dominance has spiked by 4.22% in the last month.
After a few months of realized cap outflows, $SOL is showing signs of a trend reversal. Its 30-day capital inflows are now back in positive territory – growing at ~4–5%, on par with $XRP. This points to a renewed demand returning to the #Solana ecosystem. pic.twitter.com/3FZcykWSzh
— glassnode (@glassnode) May 15, 2025
Glassnode data reveal that after a few months of realized cap outflows, solana is showing signs of a trend reversal. Its 30-day capital inflows have now turned positive and are growing at 4-5%, on par with XRP. This suggests a renewed demand returning to the Solana. XRP and Solana prices surged by 8% and 6%, respectively, over the last 7 days. However, SOL and XRP are up by 32% and 15%, respectively.
As per the DefiLlama, Solana’s TVL rose by 22.6% in the last 7 days, while it’s running up by 34% over the last month. Ethereum’s TVL is also booming, with a jump of 29.7% in the 7 days and 32% over the last month.
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