The cryptocurrency market is currently showing positive signs of an altseason, a phase where altcoins outperform Bitcoin and gather significant attention from investors. Historically, altcoin season comes right after Bitcoin experiences significant rallies and enters a consolidation phase. This phase causes the investors to divert their focus from Bitcoin to other alternative cryptocurrencies for higher returns.
Bitcoin performed significantly well in early 2025 and, within the last few days, has also reignited the optimism among traders and investors. At press time, Bitcoin price stands at $88,561.12 with an uptick of 1.6% in the last 24 hours as per CoinGecko.
Market analysts believe a surge in Bitcoin’s price could signal a shift in focus towards altcoins, as history shows that altcoin rallies often follow Bitcoin’s consolidation phase.
Bitcoin Dominance
Bitcoin Dominance (BTC.D) is a metric that shows how much of the total cryptocurrency market is made up of Bitcoin. If BTC.D drops below a certain level, the money will start flowing in altcoins and potentially start an altseason.
According to CoinMarketCap, at press time, the Bitcoin Dominance is around 63.5%. Analysts believe that support levels are anchored at 58% and a break below this will confirm a new bearish structure and will trigger altseason.
The resistance level is currently anchored around 66-72%, a rejection at this level will indicate a decline in Bitcoin’s dominance.
Altcoins to Look Out for This Altseason
Several altcoins have already shown an upward momentum. Ethereum, as of now, is experiencing a slight dip, but with its upcoming Pectra upgrade, there is a high possibility of its ecosystem being boosted and there is an increase in the price of the token.
Other altcoins that have been performing well includes BNB (up by 0.4% in the last 24 hours as per CoinGecko), DogeCoin (up by 1.2 % in the last 24 hours as per CoinGecko), TRON Coin (up by 1.4% in the last 24 hours as per CoinGecko) and Sui (up by 1.5% in the last 24 hours as per CoinGecko).
ETF Approvals of Altcoins
There has also been a significant institutional interest in altcoins as various spot ETFs have been filed for approval from the SEC. According to Eric Balchunas, senior ETF analyst at Bloomberg, as of now there are 72 ETFs waiting to be approved from the SEC which include XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. If these altcoin ETFs are approved, the industry would definitely shift towards an altseason.
However, macroeconomic situations could also affect the liquidity and slow down the altseason. Also, token oversupply and market saturation could also dilute investor gains for many of the altcoins, making investment decisions crucial.
From the factors stated above, it seems like the altseason is just around the corner but it all depends on Bitcoin dominance dropping, favourable regulatory developments, which includes ETF approvals among various other factors.
Also Read: Solana Surpasses Ethereum And All Other Chains in This Key Metric
