Cryptocurrency markets are witnessing accelerated capital rotation toward altcoins as Bitcoin’s market dominance slipped to 61.82%, retreating from its recent peak above 65%. This shift coincides with a significant surge in trading volumes across exchanges, which approached $77.93 billion.
Ethereum and XRP are emerging as primary beneficiaries, demonstrating notable strength in the current cycle and spearheading the altcoin movement. While declining Bitcoin dominance historically signals potential altcoin seasons, analysts caution that such shifts often prove short-lived based on previous market behavior.
Market participants are closely monitoring the 60% Bitcoin dominance threshold, viewing it as a critical indicator for sustained altcoin momentum. The current altcoin landscape appears more fragmented and rapidly evolving than in prior cycles, with broader participation extending beyond Ethereum and XRP across emerging crypto assets.