Bitcoin Dominance Peaks, Hinting at Possible Altcoin Season

A look into the current state of the cryptocurrency market reveals some intriguing developments, particularly regarding Bitcoin’s dominance and the potential for an altcoin season.

Bitcoin Dominance Peaks, Altcoin Season Approaching?

Bitcoin dominance remains high at 62.40%, levels not seen in four years, but faces resistance, making a near-term breakout above $90k unlikely. The cryptocurrency market is showing strong altseason signals, with historical cycles and technicals aligning. In both 2017 and 2021, altcoins surged after Bitcoin topped and entered consolidation. Currently, alts are reclaiming key resistance zones, while Bitcoin dominance faces structural resistance, increasing the likelihood of capital rotation from Bitcoin into altcoins. The probabilities for an explosive altseason in Q2 are stacking up.

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BlackRock CEO: Bitcoin Could Take The Dollar’s Role As World Reserve Currency

BlackRock CEO Larry Fink believes that Bitcoin could potentially replace the dollar as the world’s reserve currency. Fink noted that the US faces significant debt issues, and if not addressed, America risks losing its position as the world’s reserve currency to digital assets like Bitcoin. BlackRock is the leading Bitcoin ETF issuer in the US, and Fink has long been bullish on Bitcoin, stating that crypto’s best interest doesn’t always align with TradFi or the dollar.

Bitcoin Price Prediction for April 2025: Coin Bureau CEO Foresees Major Breakout

Bitcoin consolidates around $82,000 on Monday, on course to close the month with a mild 3% drop from the $84,400 opening. Coin Bureau CEO Nic Puckrin shares insights predicting a new BTC price all-time high in April 2025, citing historical trends and critical on-chain data trends among US investors. The Upward-sloping Coinbase BTC Premium Index signals strong buying support amid tariff concerns.

Hut 8 Launches American Bitcoin Corp with Trump Family Backing

Hut 8 Corp. has launched American Bitcoin Corp, a subsidiary focused on industrial-scale Bitcoin mining and reserve development. The crypto mining company contributed nearly all of its ASIC miners to American Data Centers, Inc. in return for a majority stake. Initially backed by Eric Trump and Donald Trump Jr., the company was later rebranded as American Bitcoin. All Bitcoin mining operations once categorized under Hut 8’s Compute segment will now be handled under the American Bitcoin brand.