Bitcoin Dominance Dips Below Critical Support: Is Altcoin Season on the Horizon?
Bitcoin’s market dominance has recently fallen below a key support level of 63.98%, fueling speculation about a potential shift of investor capital from Bitcoin to major altcoins. This development comes amid significant volatility in the broader cryptocurrency market, which saw a 9.8% drop in total market capitalization earlier this month, followed by an 11.71% rebound. Analysts are now closely watching whether this trend signals the beginning of a new altcoin season.
Altcoin Season Incoming? Bitcoin Dominance Drops Below Key Support
Bitcoin dominance is weakening, sparking talk of a new phase where capital may rotate from Bitcoin into major altcoins. The total market cap of the cryptocurrency market experienced extreme volatility earlier this month, dropping by 9.8% to $2.31 trillion between April 5 and 7, and then climbing by over 11.71% from April 9 to 12. As of now, Bitcoin dominance has slipped below 63.98%, signaling a potential altcoin season.
Bitcoin Price Prediction 2025
Bitcoin is holding firm above $84,500, with potential to rise further. Positive job numbers from the US and talk of interest rate cuts have prompted investors to shift from traditional stocks to Bitcoin. Despite struggles in big tech, Bitcoin remains steady. If BTC breaks above $84,900, a move toward $87,000 is likely. Crypto analyst Benjamin Cowen believes the biggest rally of this cycle could still be ahead, predicting Bitcoin could soar to $200,000 under ideal conditions, with potential targets ranging from $120,000 to $150,000.
Donald Trump Threatens to Dismiss Jerome Powell, Raising Market Concerns
The shadow of Donald Trump once again looms over American financial stability. His recent threat to dismiss Jerome Powell, Chairman of the Federal Reserve (FED), has sparked concerns among markets. This politicization worries investors, who fear a major institutional shock. Influential voices, such as Anthony Pompliano, have analyzed the systemic risk associated with such a move. While Bitcoin could potentially benefit from the uncertainty, a widespread panic is not excluded.
Bitcoin Forms Bullish Pennant Amid Trump-Powell Tensions
Bitcoin may be poised for a significant bullish breakout, driven by tensions between President Donald Trump and Federal Reserve Chair Jerome Powell. Trump is considering replacing Powell, although he lacks the authority to do so under the U.S. Federal Reserve Act. market anticipation of lower future interest rates, potentially spurred by these tensions, typically weakens the dollar and boosts demand for alternative assets like Bitcoin (BTC). Powell has been resistant to raising interest rates. As of Saturday, Bitcoin was trading at $85,232.30, remaining within the $84,000 to $85,000 range and up about 14% from the month’s lowest point.
Idle Mine: Earn Real Bitcoin by Playing This Mobile Game
Idle Mine is a new mobile game from Fumb Games, the creators of Bitcoin Miner. The game is available on iOS and Android and allows players to earn real Bitcoin rewards. Earned BTC can be withdrawn to a ZBD wallet and used as desired. Similar to Bitcoin Miner, Idle Mine is an ’idle’ experience that requires minimal input from the player.
