Altcoin Season Indicators: Ethereum Rockets 21%, XRP Hits ATH as Bitcoin Dominance Wanes
Main Idea
The article discusses the recent surge in altcoin prices, including Ethereum, XRP, and meme tokens, and analyzes whether this indicates the start of an altcoin season, while also noting the decline in Bitcoin dominance and increased interest in infrastructure tokens.
Key Points
1. Ethereum surged from under $3,100 to over $3,750 in the first three weeks of July 2025, with rising inflows into derivatives platforms.
2. XRP breached its previous all-time high, touching $3.49 on July 17, aided by regulatory developments.
3. The Altcoin Season Index stands at 59 as of July 21, indicating a significant increase from 28 in early June, though still below the 75 threshold for an official altcoin season.
4. Bitcoin dominance dropped to 60.49%, its lowest level since March, reflecting increased capital rotation into altcoins like Ethereum and meme tokens.
5. Infrastructure tokens such as Chainlink (LINK), Cardano (ADA), and Avalanche (AVAX) have seen significant gains, driven by institutional interest and development updates.
Description
Bitcoin’s dominance is starting to slip as capital flows into a broader set of digital assets. From Ethereum’s sharp breakout to the resurgence of meme coins, the market has entered a phase of visible diversification. This raises a familiar question: Is an altcoin season underway? While the term often generates hype, verifying its arrival requires more than anecdotal gains. This analysis examines current price action, dominance metrics, and altcoin season indicators to assess whether the shift i...
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