Bitcoin or BTC dominance has dipped below 60 percent, a level not seen since early 2023. This drop usually precedes an altcoin rally or bull run akin to the 2021 surge. As capital rotates from the king to riskier assets, Ethereum leads the charge, climbing near its all-time high amid strong ETF inflows and network upgrades.
This drop is also aligning with market optimism, fueled by the anticipated Fed’s rate cuts and institutional buying spree.
(BTC.D)
Ethereum stands out against Bitcoin, with ETH/BTC pair gaining 8.4 percent in the 24 hours, pushing Ethereum to $4,700 while Bitcoin consolidates around $119,000.
Solana follows suit, up 11 percent versus Bitcoin and trading at $200. Cardano and Chainlink also shine, with ADA up 8 percent and LINK surging 12 percent against BTC amid the dropping Bitcoin dominance.
On the other hand, XRP adds 5 percent, buoyed by post-lawsuit clarity, while Dogecoin gains 7 percent with social media buzz. Pepe exemplifies high-volatility plays, jumping 18 to 28 percent versus Bitcoin, as the meme and AI sectors average 20 to 30 percent daily gains.
Overall, altcoins show 20 to 30 percent sector-wide outperformance, with derivatives and fan tokens leading at 30 percent plus, showing an early rotation from Bitcoin.
TOTAL3, the market cap excluding Bitcoin and Ethereum, also proves this momentum, up 5 to 8 percent daily and 15 percent monthly, holding an upward channel with support at $800 billion.
(TOTAL3)
Historical mirrors to 2021, when BTC dominance fell to 38 percent and altcoins exploded 10x to 50x. Confirmation will require weekly closes below 59.8 percent, unlocking a full-blown bull run in alts over one to two months.
Once dominance slides to 55 to 57 percent, expect 10x gains in some projects.
Be Ready.
EXPLORE: Best New Cryptocurrencies to Invest in 2025 as BTC Dominance Drops
The total crypto market cap just hit $4.2 trillion, with $10 billion added, or 2.75% surge since the morning.
Some of the biggest crypto analysts say that the biggest bull run ever is coming.
Hype is currently pumping, recording more than a 5% gain today. At $47.2, Hype is just 6% shy of all-time high.
With ETFs coming and treasury companies like HYLQ Strategy Corps buying, Hyperliquid could easily breach if the market sentiment stays positive.
It’s proven; HYPE is a strong asset with revolutionary utility, with some days surpassing ETH in volume.
Will HYPE run above $60? Technical says so, but analysts believe so.
Solana just broke $200, a 15% price pump in 24 hours. However, Alameda Research’s unstaking of $38 million in SOL tokens, which was held since late 2020, should be considered, especially for potential sell pressure from FTX bankruptcy proceedings.
The $35 million Solana could easily falter the current price rally amid ongoing estate liquidations. However, the network’s activity in DeFi and institutional inflows say otherwise; Solana might weather the event without a major price setback.
Full story here.
OKB, the utility token for the OKX crypto exchange, has experienced a price increase of over 170%. It reached a high of 143 dollars before settling around 115 dollars.
OKB, the coin itself, enables users to access trading fee discounts, participate in staking programs, and engage with ecosystem features. OKB operates on the Ethereum and the X Layer crypto chain.
Its total supply was initially 300 million tokens, with 60 million in circulation before recent changes.
Will it maintain momentum and be in the top 10 biggest coins list?
Read the full story here.
EXPLORE: Best New Cryptocurrencies to Invest in 2025 Besides Solana
The post BTC Dominance Drop Under 60%: Crypto Expecting A Massive Rally Mirroring 2021 appeared first on 99Bitcoins.
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