Bitcoin Dominance Surges to 2021 Highs as Altcoins Falter

Bitcoin's market dominance has reached a staggering 64.18%, a level not seen since 2021, as altcoins continue to struggle. This surge underscores a strong 'Bitcoin season,' with BTC now accounting for over two-thirds of the total cryptocurrency market capitalization. Traders are closely watching key resistance levels, with BTC currently facing resistance at $106,200—a previous local high. A short-term pullback to $102,000 support is possible. Meanwhile, the Altcoin Season Index remains low at 16, indicating weak momentum for alternative cryptocurrencies. As of now, BTC is trading at 104,879.99 USDT, reflecting its dominant position in the market.

Bitcoin Dominance Hits 2021 Highs as Altcoins Stumble

Bitcoin's market dominance has surged to 64.18%, reaching levels unseen since 2021, as altcoins struggle to maintain momentum. The cryptocurrency now commands over two-thirds of the total market capitalization, signaling a pronounced 'Bitcoin season.' Traders note BTC's current resistance at $106,200—a previous local high—with potential for a short-term pullback to $102,000 support.

The Altcoin Season Index languishes at 16, far below the 75-point threshold needed to signal a shift in capital flows. This divergence mirrors historical patterns where Bitcoin's strength drains liquidity from smaller digital assets. Market participants increasingly view BTC as the primary store of value in crypto, while altcoins face existential questions about their utility during BTC-led rallies.

K Wave Media Announces $500M Bitcoin Investment Strategy, Stock Surges 133%

K Wave Media Inc., the first Korean media alliance listed on Nasdaq, has signed a $500 million securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. The deal involves the sale of up to $500 million of its ordinary shares, with proceeds earmarked for establishing a Bitcoin treasury and expanding K-pop and media activities through mergers and acquisitions.

The announcement sent K Wave Media's stock soaring, peaking at a 162.9% gain before closing up 133.33% at $4.48. The move positions the company among the first publicly traded media firms to integrate bitcoin directly into its treasury operations, drawing comparisons to Metaplanet's strategy.

Co-Interim CEO Ted Kim framed the decision as a commitment to innovation and decentralization, stating Bitcoin offers "a foundation for innovation, independence, and global scalability." The Nasdaq-listed firm aims to become the "Metaplanet of Korea" through its Bitcoin adoption strategy.

JP Morgan Embraces Bitcoin as Collateral in Landmark Banking Shift

JP Morgan Chase is institutionalizing cryptocurrency adoption through a new lending framework that treats Bitcoin ETF holdings as standard collateral. The bank will begin offering loans backed by BlackRock's iShares Bitcoin Trust and other crypto ETFs within weeks, marking Wall Street's most significant validation of digital assets to date.

The policy shift eliminates previous case-by-case approvals, systematically integrating Bitcoin into global wealth management assessments. Client portfolios across all tiers - from retail investors to ultra-high-net-worth individuals - will now have crypto holdings evaluated alongside traditional assets like equities and real estate when determining creditworthiness.

This collateralization MOVE creates 24/7 liquidity channels previously unavailable in traditional finance. The decision reflects growing institutional recognition of Bitcoin's maturation into a legitimate asset class, despite CEO Jamie Dimon's historical skepticism about cryptocurrency fundamentals.

BTC Prague 2025: Europe’s Premier Bitcoin Conference Returns with Expanded Program and Global Appeal

BTC Prague, Europe’s largest Bitcoin-only conference, enters its third edition with an ambitious agenda. The 2025 event will unite entrepreneurs, developers, and investors for a three-day immersion in Bitcoin-centric discourse. Keynotes, panels, and networking sessions will bridge ideological, technical, and business perspectives.

The conference structure features four dedicated stages: a Main Stage for global Bitcoin impact discussions, an Expo Stage for product showcases, a Czech Stage for local language content, and a VIP Stage for premium attendees. Industry heavyweights including Michael Saylor, Dr. Adam Back, and Samson Mow are confirmed speakers.

This gathering transcends typical conference boundaries, serving as a nexus for Bitcoin's evolving ecosystem. From veteran proponents to first-time explorers, the event cultivates an environment where technical rigor meets mainstream adoption narratives.

Bitcoin Retraces from All-Time High as Long-Term Holders Take Profits

Bitcoin's rally to a record $111,800 stalled as veteran investors began offloading holdings, triggering a 7.7% pullback to $103,200. The sell-off represents the fifth major profit-taking wave this cycle, with long-term holders realizing up to $1.47 billion daily.

Critical support levels now emerge at $103,700 and $95,600, mirroring historical accumulation zones that have flipped to distribution. Earlier buy-side strongholds between $25,000-$31,000 and $60,000-$73,000 now show concentrated selling pressure.

Market structure appears transitional as on-chain data suggests a shift from accumulation to profit-taking. Glassnode's metrics indicate waning momentum despite the cryptocurrency's 58% year-to-date gain.