Altcoin Season Vanishes: Gold Hits ATH While Crypto Collapses – What’s Next?

Crypto markets tumble as gold soars to all-time highs—where did altcoin season go?

The Great Divergence

While Bitcoin and altcoins bleed out, traditional safe havens like gold are stealing the spotlight. Is this the end of crypto’s dominance, or just a temporary shakeout?

Market Whiplash

Investors fleeing to gold as crypto volatility spikes—classic ''risk-off'' behavior or a sign of deeper structural issues?

The Silver Lining?

History says crypto bounces back harder after crashes. But with gold hogging the limelight, will patience pay off—or is this time different? (Spoiler: Wall Street still doesn’t get it.)

Altcoin Season May Come Via ‘Alt Dominance’

“Something big is about to happen with altcoins,” Alphractal shared in a post on X, citing its analysis of dominance levels.

Altcoin dominance metrics may be setting the stage for a rally. Excluding stablecoins, the metric has historically used the 25% level as a springboard, fueling surges to 35% in 2020 and over 50% during the 2021 altseason. Currently at 27.91%, it appears ready to test its strength again, signaling the potential for a resurgence in altcoin momentum.

Something Big Is About to Happen with Altcoins!

Altcoin Dominance has reached its historical support level, and we could be on the verge of a wave of volatility in the coming days. Whether Bitcoin rises or falls, many altcoins are likely to outperform BTC in the months ahead —… https://t.co/6KxKo8v8nd pic.twitter.com/HEwE9URHug

— Alphractal (@Alphractal) June 14, 2025

The market could be gearing up for another altseason in the coming months if history holds.

Is Altcoin Season Dead?

Conversely, the devil’s advocate take here is that altcoins from the 2017 to 2020 era are dead. Many of those tokens have already done 100x, some even 1000x. Virtuals, Kaspa, now Keeta, even solana did a 25x this bull run. It can’t get much better than this, some are arguing.

Another prevailing element of this cynicism is that. It’s all just gambling on the price of the token.

That’s why only ultra memes like Fartcoin are moving. The OG’s money isn’t cycling out of bitcoin pops and then bolstering an altcoin eruption but rather cycling back into Bitcoin itself. Of course, we’ll see if this opinion plays out, but for now, some believe altcoin season is dead.

Geopolitical and Market Sentiment; Gold Eyes New ATH

Bitcoin took a gut punch last week as missiles flew between Israel and Iran, plunging from $107K to $102K and vaporizing over $1.4 billion in liquidations in one brutal trading day. But in the wreckage, resolve broke through.

Data from Farside Investors showed a jaw-dropping $1.37 billion flooding into U.S.-based spot Bitcoin ETFs. The retail crowd panicked, but institutions bought the fear.

The stock market on the Israel-Iran war:

While all of the headlines point to more escalation and a longer war, the stock market says the EXACT OPPOSITE.

Equity markets have turned green, oil prices are now up just +0.5%, and Gold is down just -0.5%.

If the market were truly… pic.twitter.com/eIjEyi4fTm

— The Kobeissi Letter (@KobeissiLetter) June 16, 2025

Gold surged to a multi-week high of $3,445 last week, boosted by escalating Israel-Iran tensions and weaker-than-expected U.S. inflation data that pressured the dollar. Traders now eye a climb toward the all-time high of $3,500, though uncertainty looms ahead of the Fed’s policy meeting.

Who’s going to win out between Bitcoin, altcoins, and gold? We’ll just have to wait and see, but they undoubtedly all thrive in times of volatility like this.

Key Takeaways

• Altcoin season has taken a backseat for most of the year, trailing behind Bitcoin’s slow grind upward.
• All eyes are on Powell this week. As inflation lingers and labor metrics soften.