- Altcoin market slips to $1.29T as Bitcoin dominance rises above 64% in July start
- XRP gains 1.62%, outperforming major altcoins amid broad-based market hesitation
- Crypto ETFs see $133.9M inflow, with Bitcoin leading institutional investment flows
The altcoin market started July on a shaky note, slipping just below the $1.30 trillion mark to settle at $1.29 trillion. This mild drop raises new concerns about whether altcoins can regain momentum in the coming weeks. While June showed alternating bursts of energy and quick pullbacks, the start of July paints a cautious picture.
Total altcoin market cap slipped below the $1.30T mark to $1.29T on the first day of July. 🗓️
— CoinGecko (@coingecko) July 1, 2025
Will the altcoin market reach new heights this month? pic.twitter.com/gRkbsOeo8V
Mixed Performance Across Leading Cryptocurrencies
Bitcoin remains firmly in control, currently trading at $106,968.10 after a modest decline of 0.63%. Ethereum is down 0.74%, priced at $2,459.70, continuing its pattern of trailing behind Bitcoin.
Meanwhile, BNB and Solana also saw small dips, falling by 0.22% and 0.25% respectively. XRP, however, bucked the trend with a 1.62% increase, reaching $2.2207, making it the only major altcoin in the green.
Additionally, the CoinMarketCap 100 Index, which monitors the top 100 digital assets, dropped by 0.62%, showing weakness in the broader market. Despite this, the total crypto market cap remains steady at $3.3 trillion. Daily trading volume stands at $100.59 billion, suggesting consistent investor participation despite mixed asset performances.
Investor Sentiment Holds Steady, But Altcoin Momentum Lags
The current Fear and Greed Index is balanced at 50, signaling that traders are evenly split between caution and optimism. This neutral sentiment mirrors the Altcoin Season Index, which is still low at 22 out of 100. This number confirms that Bitcoin continues to outperform most altcoins.
Significantly, Bitcoin’s market dominance stands at 64.6%, dwarfing Ethereum’s 9.0% share and all other altcoins combined. This further reinforces the idea that institutional and retail investors are favoring Bitcoin over smaller-cap assets for now.
ETF Inflows, Derivatives, and Volatility Outlook
Crypto ETFs saw a net inflow of over $133.9 million, reflecting continued interest from institutional players. Most of this capital flowed into Bitcoin, while Ethereum also saw notable but smaller inflows. This pattern highlights Bitcoin’s current role as the market’s safe haven.
In the derivatives space, perpetual contracts dominate with $707.54 billion in open interest, compared to just $2.87 billion in futures. Meanwhile, Ethereum shows higher implied volatility at 65.18 versus Bitcoin’s 38.95, suggesting sharper potential price swings ahead.
