After weeks of leading the charge, Bitcoin's dominance is showing cracks—creating space for altcoins to reemerge with strength.
While the top cryptocurrency trades near $103,700 following a meteoric rise from $74,500, the real action may now be unfolding elsewhere in the market.
Ethereum has ignited fresh interest after a stunning 50% weekly rally, reigniting conversations around a potential altcoin breakout phase. Analysts are watching ETH’s technical indicators closely, with its moving averages aligning in a way that suggests more upside could be imminent. Similar signals are forming across other large-cap tokens, hinting at a possible shift in market leadership.
XRP, still basking in legal clarity post-SEC case, is hovering around $2.49 and gaining attention as it approaches its long-standing $3.40 peak. Cardano, often the quiet outperformer, is drawing new eyes as it expands into privacy tech through its Midnight project—an effort some believe could attract fresh user adoption. ADA is still well below its all-time high of $3.90, currently trading at $0.79.
Meanwhile, other undervalued names are surfacing in trader circles. Hedera and Quant, far off their historical highs, are being eyed as potential comeback candidates. With HBAR at $0.20 and QNT at $95, some see strong rebound potential as the market prepares for its next wave.
Although sentiment remains bullish—evidenced by the Crypto Fear and Greed Index holding firm in the 70s—some are bracing for a cooling-off period. A short-term Bitcoin correction to around $98,000 is viewed by many not as a concern, but as a natural breather following explosive gains. Should that happen, altcoins might accelerate their run as capital rotates away from Bitcoin into higher-beta plays.
Market watchers agree: if this is the early stage of an altseason, it’s being led by solid fundamentals and strong technical setups—not hype alone.
The crypto market’s well-known skeptic, Il Capo of Crypto, has once again sounded the alarm—arguing that the worst may still be ahead, even as Bitcoin remains above the $100,000 mark.
Swan, a Bitcoin-focused financial firm, has issued a striking market update suggesting that the current BTC cycle isn’t just another repeat of the past—it might be the last of its kind.
Ross Ulbricht, founder of the infamous Silk Road marketplace, is back in the headlines after receiving a mysterious transfer of 300 BTC—valued at roughly $31 million.
Bitcoin could be heading for a notable dip if it fails to stay above a key price zone, according to market watcher DonAlt.