Bitcoin Dominance on the Rise as 'Junk Coin' Purge Continues

The cryptocurrency market has been experiencing a significant change in recent years, with the dominance of Bitcoin increasing as capital exits weaker altcoins and memecoins.

Market researcher Ben Cowen believes that this trend will continue, with a 'mass extinction' of 'junk coins' necessary for Bitcoin to enter a sustainable bull cycle. According to Cowen's firm, Into the Cryptoverse, over 11.6 million tokens have failed in 2025 alone, largely due to the collapse of the memecoin sector.

The purge of 'junk coins' has been underway since 2021, but Cowen argues that a more significant 'cleansing' is required for Bitcoin to reach new heights. This shift is reflected in capital concentrating into Bitcoin as weaker projects disappear. As a result, Bitcoin's dominance has climbed back above 60% and could potentially approach 70% by 2030.