Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
While Bitcoin continues to hold a firm position in the market, numerous altcoins are witnessing notable price increases, indicating significant potential for further growth in the overall cryptocurrency market.
Key Takeaways:
- Altcoins are experiencing robust rallies alongside Bitcoin, despite Bitcoin’s dominance being at 64%.
- The typical indicator for an altseason, a decrease in Bitcoin dominance, is currently not present.
- Nevertheless, analysts suggest that the altcoin season is in progress.
Crypto analyst Matthew Hyland remarked on X that “BTC dominance hasn’t even sneezed and Alts are ripping,” emphasizing the recent upward momentum in altcoins while Bitcoin maintains its steady dominance.
At the time of writing, Bitcoin’s dominance was recorded at 64.46%, having decreased by just 1.53% over the last week, even as Bitcoin reached new all-time highs — hitting $118,760 on Friday.
Declining Bitcoin Dominance Typically Signals Start of Altseason
Historically, a reduction in Bitcoin dominance indicates the onset of an “altseason,” during which altcoins gain market share.
However, the current rise in altcoins without a substantial decline in Bitcoin dominance may suggest that new capital is entering the entire cryptocurrency ecosystem rather than a diversion from Bitcoin.
Among the leading performers in the past week, MemeCore (M) topped the list with an impressive 1,263% increase, followed by Mog Coin (MOG) which rose by 75%, and Stellar (XLM) which climbed 67%, according to data from CoinMarketCap.
Ether (ETH), the second-largest cryptocurrency, saw a rise of 17.68% during the same timeframe, with the ETH/BTC ratio increasing by 8.39%, reinforcing traders’ expectations of a heightened interest in altcoins.
However, CoinMarketCap’s Altcoin Season Index still indicates “Bitcoin Season,” with a score of 29 out of 100, suggesting that Bitcoin continues to be the primary market influencer.
Nonetheless, traders such as Michaël van de Poppe, founder of MN Trading Capital, believe that the market is nearing the “final easy and biggest bull ever on Altcoins.”
Related Posts
“Trading Altcoins is difficult, that’s why the downward corrections are extremely challenging and the upward returns enormous,” he stated.
Cases like $OMNI are basically the reason why I tend to be into positions early.
Especially if I’m willing to go full risk-on (I assume that we’re about to witness the final easy and biggest bull ever on #Altcoins), then I’d rather want to be early than buying after such a move.…— Michaël van de Poppe (@CryptoMichNL) July 11, 2025
Data from on-chain analytics company Santiment also supports this perspective, confirming that the altcoin season has commenced.
Santiment added that as long as Bitcoin remains above the critical psychological support level near $110,000, traders are likely to continue reallocating profits into altcoins, promoting further expansion in the broader cryptocurrency market.
Bitcoin Surpasses Silver in Market Cap
Bitcoin’s market capitalization has exceeded that of silver, reaching $2.34 trillion after the cryptocurrency achieved a new all-time high above $118,000.
This milestone positions Bitcoin as the sixth largest asset globally, surpassing silver’s $2.16 trillion market cap, according to Companies Market Cap data.
Bitcoin is approaching the top five assets, with Amazon’s $2.37 trillion market cap now within reach.
Following Bitcoin and silver are technology giants Google and Meta, valued at $1.15 trillion and $1.79 trillion, respectively.
However, gold remains the leading asset with a substantial $22.6 trillion market cap. NVIDIA, Microsoft, and Apple follow, each holding market caps in the $3 to $4 trillion range, significantly ahead of Bitcoin for the time being.
Institutional demand has been a crucial factor, supporting Bitcoin’s stability above $100,000 prior to its recent price increase.
Mercuryo CEO Petr Kozyakov highlighted that institutional interest continues to elevate Bitcoin’s value, emphasizing its growing status as a store of value alongside altcoins like Ethereum, which recently surpassed $3,000.
The post Crypto Analyst: Altcoins Rally Strongly While Bitcoin Dominance Remains Unshaken appeared first on Cryptonews.
