Crypto Analyst: Altcoins Rally Strongly While Bitcoin Dominance Remains Unshaken
2025-07-12 10:57:10
Main Idea
Despite Bitcoin's dominance remaining strong, altcoins are experiencing significant rallies, with analysts suggesting the altcoin season is underway, supported by notable gains in several altcoins and institutional interest.
Key Points
1. Bitcoin's dominance stands at 64.46%, down only 1.53% over the past week, even as Bitcoin reaches new all-time highs.
2. Altcoins like MemeCore (M), Mog Coin (MOG), and Stellar (XLM) have seen substantial rallies, with gains up to 1,263%.
3. Ether (ETH) increased by 17.68%, with the ETH/BTC ratio rising 8.39%, indicating growing trader focus on altcoins.
4. Analysts, including Michaël van de Poppe, believe the market is approaching a significant bull run for altcoins.
5. Bitcoin's market capitalization has surpassed silver's, reaching $2.34 trillion, placing it sixth among the world's largest assets.
Description
Despite Bitcoin maintaining a steady grip on the market, many altcoins are experiencing significant price surges, suggesting ample room for further upside in the broader crypto market. Key Takeaways: Altcoins are rallying strongly alongside Bitcoin, despite Bitcoin’s dominance at 64%. The usual signal for an altseason, a drop in Bitcoin dominance, is absent. However, analysts indicate the altcoin season is underway. Crypto analyst Matthew Hyland noted on X that “BTC dominance hasn’t even sneezed...
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