Bitcoin Dominance Sinks as Ethereum, XRP Rise
2025-07-18 20:45:39
Main Idea
Bitcoin's dominance in the cryptocurrency market is decreasing as altcoins like Ethereum and XRP gain momentum, with potential for an altcoin season influenced by macroeconomic factors such as Federal Reserve rate cuts.
Key Points
1. Bitcoin's market dominance dropped to around 61% from a peak of 65.5% last month, while Ethereum and XRP saw significant price increases.
2. The Altcoin Season Index by CoinMarketCap stood at 43, indicating a leaning toward Bitcoin but with potential for altcoin growth.
3. Adrian Fritz of 21Shares noted that altcoins historically perform well in bull markets, but the current market dynamics differ due to factors like Bitcoin ETFs.
4. Potential Federal Reserve rate cuts later in the year could act as a catalyst for an altcoin season by increasing market liquidity.
5. Akshat Vaidya of Maelstrom observed early signals of an altcoin season but noted it hasn't fully materialized yet.
Description
The original digital asset accounted for 61% of the cryptocurrency market’s value on Friday, falling from 65.5% last week.
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