It has been under scrutiny since FTX’s collapse in November 2022. Moreover, the token has been undergoing a dominant downtrend since the beginning of the year. Nevertheless, Rekt Capital said Bitcoin dominance’s upside may be limited because the metric has already lost its macro uptrend.
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Demand for number-crunching graphics processing units (GPUs) and AI accelerators is outpacing the available supply by a wide margin. As a result, hardware is getting expensive, and so are the cloud-based AI services that use it. They’re not just another ledger; they’re providing services that make the whole ecosystem work better. Watching Layer 1 blockchains fight for supremacy has started to feel like rival mall developers arguing about whose food court is superior. Crypto analyst Darkfost said Bitcoin has gained 36% since its Feb. 6 lows at $60,000, helping push its dominance to 61.3%. Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.
Bitcoin rotations into altcoins collapse: Have altseasons ‘disappeared’?
- In simple terms, it shows whether traders are using BTC to buy smaller altcoins.
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Historically, Bitcoin Dominance has been a key indicator in predicting the likelihood of an altcoin, as a decline in BTC.D often rovencrest peak signals a shift in investors’ focus on alternative cryptocurrencies. The crypto market enters a busy stretch, making this one of the most important weeks for altcoins to watch. Network upgrades, ETF decisions, and major token unlocks are setting the tone as traders look for fresh momentum after October’s sharp swings.
Chainlink is a prime example of these value-added cryptocurrencies. As the leading oracle coin, it provides actionable data to smart contracts running on other blockchains. Without Chainlink’s data, most decentralized finance (DeFi) systems and non-fungible tokens (NFTs) simply wouldn’t work. CryptoQuant data also showed improvements across the altcoin market after months of heavy underperformance against Bitcoin.
Market experts have identified three key signals that could point to the start of a potential altcoin season in 2026. With regulatory clarity expected to improve, traders are betting on capital rotating further out the risk curve. Much of the focus remains on Ethereum ETH, which is still trading nearly 60% below its previous cycle high.
To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability. At the time of writing, we estimate that there are more than 2 million pairs being traded, made up of coins, tokens and projects in the global coin market. As mentioned above, we have a due diligence process that we apply to new coins before they are listed. This process controls how many of the cryptocurrencies from the global market are represented on our site. According to the latest data, FTT’s price has dropped by 4.1% over the past day.
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The average altcoin now trades 23.47% below its 200-day simple moving average, rising from 44.4% earlier in the cycle. Similar readings previously appeared near the end of late-stage bear markets in 2022. While altcoins spent much of that period under pressure, TOTAL3, which tracks the crypto market cap excluding Bitcoin and Ether, rose by 17% to a two-month high of $765 billion. The recovery pace of altcoins lagged behind BTC, but several indicators have started to improve. Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed.
According to analysts, Others.D is nearing a breakout from a multi-year falling wedge. Secondly, Brucer noted that altcoins are currently struggling to regain previous highs while Bitcoin’s dominance continues to rise, now sitting above a 60% market cap. Lastly, the analyst suggested that an altcoin season 2025 is unlikely unless significant macroeconomic changes occur.
While the OTHERS/BTC ratio continues to move higher, pointing to selective inflows into certain altcoins, the broader market is not seeing the same level of participation. Put simply, capital is rotating into a few outperformers rather than spreading across the altcoin sector, which helps explain the growing divergence between the two indicators. As one prominent analyst noted, Hyperliquid HYPE continues to trend higher, yet that strength has not translated into a wider rotation across the altcoin market.
Why These Altcoins Are Trending Today — June 19
That also helps explain why the Altcoin Season Index remains subdued. Read the best crypto stories of the day in less than 5 minutes. Hyperliquid’s HYPE rose 7.8% on the day and 34.3% on the week, and solana added 14.7% over seven days even while flat on Wednesday. The move appears to be a continuation from the weekend’s $500 billion bloodbath, with traders now actioning more caution to avoid another potential liquidation cascade. Scott is known for his work in community education to help people understand crypto rovencrest peak technology and how its existence impacts their lives.
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