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After weeks of holding strong, Bitcoin’s dominance over the crypto market is finally showing signs of slipping — and altcoins are wasting no time capitalizing on the shift. Excitement is building across the market as the total altcoin market cap surges, with some analysts predicting that 40% daily gains could soon become the new normal.
Bitcoin’s dominance has slipped from 65% to 61.8%, and many believe this could trigger a fresh altcoin rally. Analyst Altcoin Gordon recently posted that Bitcoin’s dominance is now in “free fall” after a brief recovery. According to him, the next few days could see Bitcoin’s dominance fall further — a move that might open the door for altcoins to take over.
What Does The Golden Cross Mean?
Analyst Cas Abbe has observed that the altcoin market cap has just formed a daily golden cross — a bullish chart pattern that last appeared in October 2024. Back then, it led to a mini altseason. However, she also reminded people that in 2024, altcoins traded sideways for a few weeks before rallying. So, while a sudden breakout may not happen right away, it could be a smart time to buy the dips.
Ethereum Stealing the Show
While Bitcoin is up just 2.23% over the past week, Ethereum has jumped by 30%. Crypto analyst Ash Crypto said this is a clear sign of money moving out of Bitcoin and into altcoins, with Ethereum leading the charge.
A new altseason could be starting soon — one focused on utility-driven projects rather than hype alone. Supporting this idea, CoinMarketCap’s Altcoin Index has climbed from 15 to 27, which often happens before a major altcoin rally.
Market Still Has Room to Grow
Despite recent gains, the altcoin market is still trending higher and holding above key support levels on the weekly chart. Analyst Michaël van de Poppe pointed out that with the entire crypto market valued at around $3 trillion, there’s still plenty of room for growth.
Data from Glassnode also shows that while Bitcoin’s dominance has dropped to 61%, Ethereum’s share has increased to 9.5%. The rest of the altcoin market now makes up 28.6%, showing that the market is slowly shifting away from Bitcoin.