Bitcoin's share of assets that can move against it
Bitcoin Dominance Excluding Stablecoins
Reported dominance counts stablecoins in the total, so it falls when stablecoin supply grows even if no altcoin gained on Bitcoin. This figure takes them out.
Get an alert when dominance crosses a levelUpdated Oct 16, 2026, 10:25 AM UTC · Source: CoinGecko · Informational only
Excluding stablecoins
66.42%
7.16 pp above reported dominance
Reported dominance is 59.26% on October 16, 2026.
Daily snapshots
Dominance With and Without Stablecoins
This series has fewer than two daily readings so far; it begins on October 6, 2026. Earlier days are not reconstructed.
View recent values as a table
| Date | Dominance |
|---|---|
| Oct 6, 2026 | 65.26% |
| Oct 7, 2026 | 65.62% |
| Oct 8, 2026 | 66.31% |
| Oct 9, 2026 | 66.72% |
| Oct 10, 2026 | 65.99% |
| Oct 11, 2026 | 66.47% |
| Oct 12, 2026 | 65.96% |
| Oct 13, 2026 | 66.33% |
| Oct 14, 2026 | 66.47% |
| Oct 15, 2026 | 66.50% |
| Oct 16, 2026 | 66.42% |
Today against earlier snapshots
What Moved: Bitcoin or Stablecoins?
| Measure | Today | 7 days ago | 30 days ago | 90 days ago | 30-day change |
|---|---|---|---|---|---|
| Excluding stablecoins | 66.42% | 66.72% | — | — | — |
| Reported dominance | 59.26% | 59.74% | 58.42% | 56.53% | +0.84 pp |
| Stablecoin market cap | $299.44B | $292.17B | — | — | — |
A dash means the stored history does not reach that date. Stablecoin readings begin on October 6, 2026 (11 so far).
The formula
Reported dominance × total market cap ÷ (total market cap − stablecoin market cap). The stablecoin figure is CoinGecko's Stablecoins category.
What it separates
If reported dominance falls and this figure does not, the money went into stablecoins. If both fall, altcoins gained on Bitcoin.
What it cannot show
Share is not breadth. A few large altcoins can pull this figure down while most trail Bitcoin, so read it with the Altcoin Season Index.
What the stablecoin-free figure says today
On October 16, 2026 Bitcoin dominance excluding stablecoins is 66.42%, against a reported dominance of 59.26%. Stablecoins hold $299.44B, or 10.8% of a $2.78T crypto market; removing them leaves $2.48T of assets whose price can actually move against Bitcoin.
The two figures differ by 7.16 percentage points. That gap is the part of the market stablecoins occupy: it widens when stablecoin supply grows faster than everything else and narrows when it shrinks.
This series begins on October 6, 2026, the first day the stablecoin market cap was recorded with the daily snapshot, and has 11 readings so far. A 30-day comparison appears once the stored history reaches back that far; earlier days are not reconstructed.
Stablecoins are not altcoins in any sense a rotation measure cares about: a dollar moving from Bitcoin into USDT lowers reported dominance without a single altcoin outperforming. Reading the stablecoin-free figure beside the Altcoin Season Index separates that case from a real rotation.
How these figures are calculatedDominance excluding stablecoins questions
- What is Bitcoin dominance excluding stablecoins today?
- It is 66.42% on October 16, 2026, compared with 59.26% reported dominance, with stablecoins at $299.44B.
- How is Bitcoin dominance excluding stablecoins calculated?
- Reported dominance × total crypto market cap ÷ (total crypto market cap − stablecoin market cap). The stablecoin figure is the market cap of CoinGecko’s Stablecoins category.
- Why exclude stablecoins from Bitcoin dominance?
- Stablecoins are part of total market cap, so reported dominance falls when stablecoin supply grows even if no altcoin gained on Bitcoin. Removing them shows Bitcoin’s share of the assets that can actually outperform or underperform it.
- How far back does this history go?
- Readings begin on October 6, 2026, when this tracker started recording the stablecoin market cap with each daily snapshot. Earlier days are left empty rather than estimated.