Altcoins Surge While Bitcoin Dominance Remains Unmoved: Analyst’s Shocking Take

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Ah, the world of crypto! It’s a jungle where only the bravest dare to tread, and yet, amidst this tumult, a wise analyst points out that altcoins are rising, soaring like birds of prey, while Bitcoin just sits there, looking around, oblivious to the commotion. 🦅

“BTC dominance hasn’t even sneezed, and Alts are ripping!” exclaimed the one and only Matthew Hyland, crypto analyst extraordinaire, in a post on X this past Friday. Oh, what a beautiful understatement! 🎯

Bitcoin Shatters New Highs—But Guess What? Altcoins are Outpacing It! 😲

Now, let’s talk about Bitcoin, the “King of Crypto,” who thinks it’s still the life of the party. TradingView data reveals that Bitcoin (BTC) Dominance is still sitting pretty at 64.46% as we speak—only a tiny drop of 1.53% over the past week. Yet, while Bitcoin was off reaching new highs on Wednesday, Thursday, and Friday, altcoins saw dramatic price hikes. What’s that? A hint of rebellion in the air? 🚀

As Hyland cheekily put it, “What do you think happens if it drops from 65 to 45?” 🧐 He might as well have asked, “What happens when you leave your comfy chair and suddenly realize the party’s on the other side of the room?”

Traditionally, analysts use Bitcoin Dominance as a beacon to predict when altcoin season might be on the horizon. A drop in BTC dominance typically signals a shift to the wider market. But hold your horses! Despite Bitcoin holding its ground, altcoins are jumping out of the gate like they’ve just been fed a bottle of rocket fuel. 🚀🚀

Speaking of rocket fuel, MemeCore (M) is leading the pack of top 100 crypto gainers over the past week with a staggering 1,263% surge. Right behind it, we’ve got Mog Coin (MOG) up by 75.01%, and Stellar (XLM) up by 67.43%. Now, who needs a spaceship when altcoins are doing this? 👽

Ether (ETH), that trusty second-in-command in the crypto hierarchy, has also jumped 17.68% in the past week. Could this be a signal that traders are slowly, but surely, turning their eyes from the ever-sturdy Bitcoin to the shiny new toys in the altcoin market? Well, you decide! 👀

The “Final Easy” Altcoin Season: Big Bull Ahead? 🐂

As the crypto saga unfolds, the ETH/BTC ratio has risen by 8.39% in the past seven days. Could this be the start of something bigger? Perhaps it’s the dawn of a fresh altcoin season, or maybe it’s just the crypto market playing hard to get. The mysterious “Altcoin Season” index is still waving the Bitcoin flag, with a modest “Bitcoin Season” score of 29 out of 100. 🤷‍♂️

But wait—there’s more! Michael van de Poppe, the founder of MN Trading Capital, jumped on X to drop this bombshell: “I assume that we’re about to witness the final easy and biggest bull ever on Altcoins.” Oh, Michael, you speak like a man who has seen the future and it’s filled with… altcoins. 🤑

And as if that wasn’t enough, Santiment, the ever-watchful crypto data company, dropped this nugget: “The data confirms that, for now, altcoin season has begun.” No kidding! Meanwhile, they added that as long as Bitcoin stays above the magic psychological level of $110k, traders are likely to continue redistributing their profits into altcoins. Because, why not? 😏

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2025-07-12 08:25