Bitcoin Dominance Rate Recovers From 1-Month Low; Is Altcoin Season Over?

Bitcoin consolidated while other cryptocurrencies crashed. There is an early rebound in Bitcoin dominance in the crypto market. Analysts predict Bitcoin’s price will reach $160,000 in 2025. Recent observations suggest that Bitcoin may be reclaiming its grip on the crypto market in 2025. The flagship cryptocurrency has been consolidating sideways while many altcoins decline, a sign of relative strength amid broader market pressure. Bitcoin’s dominance dropped significantly in July Bitcoin took a back seat among other cryptocurrencies for nearly the whole of July, despite recording an impressive rally that saw it achieve a new all-time high. Compared to altcoins, Bitcoin’s dominance dropped significantly, giving way to a capital rotation, with the altcoin market experiencing a massive inflow. TradingView’s data show that most of the top altcoins took over the reins after Bitcoin’s impressive performance. Altcoins like Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Solana (SOL) surged massively to dominate the crypto market’s latest rally. That implied a significant decline in Bitcoin’s dominance, which dropped from 66.03% in the last w… The post Bitcoin Dominance Rate Recovers From 1-Month Low; Is Altcoin Season Over? appeared first on Coin Edition .

Source: Coin Edition