Bitcoin Dominance Soars to New Heights While ETH and Altcoins Crash—What’s Next?
Bitcoin flexes its muscles as the crypto king—leaving ETH and altcoins in the dust. Is this the start of a new era or just another bull trap?
Market Shakeup: BTC Takes No Prisoners
While Bitcoin's dominance charts look like a SpaceX launch trajectory, Ethereum and altcoins are stuck in re-entry mode. No mercy—just pure, unfiltered market Darwinism.
The Great Altcoin Unraveling
Once-buzzy projects now trade like illiquid penny stocks. Traders scramble for BTC lifelines while DeFi blue chips bleed out. Even the 'next Bitcoin' crowd got quiet.
Finance's Cynical Take: 'Told You So'
Wall Street skeptics—who still think blockchain is a spreadsheet—are smugly sipping lattes. Meanwhile, crypto OGs double down. Same playbook, different cycle.
What's Next? Buckle Up.
Volatility isn't a bug—it's the feature. Whether this is BTC's final victory lap or just another pit stop, one thing's clear: the crypto casino never closes.
Bitcoin Tries to Recover
The business week began on a different note as the primary cryptocurrency shot from under $105,000 to $109,000 by Tuesday. However, it faced an immediate and violent rejection that pushed it south hard as the tension in the Middle East continued to rage on.
In a matter of hours, BTC dumped to $103,500 before the bulls initiated an impressive leg up that drove the asset higher by around $3,000. Nevertheless, the overall negative market sentiment continued, and Bitcoin started to lose value once again in the following days.
The culmination came earlier today as the US launched “successful” attacks against multiple nuclear sites in Iran, as described by the POTUS. Moreover, TRUMP warned that there will be more violent strikes if Iran decides to retaliate in any form.
Bitcoin’s price tumbled below $101,000 for the first time in almost three weeks. However, it remained within a six-digit price territory and has recovered to $102,500 as of now.
Its market cap is down to $2.040 trillion on CG, but its dominance over the alts has skyrocketed to almost 63% as most bleed out.
Alts Deep in Red
The rising BTC dominance in times when the cryptocurrency’s price is dropping means only one thing – the alts have it even worse. Interestingly, it’s not just the lower caps that are suffering badly. Ethereum, the largest of the bunch, has dumped by over 7% in the past 24 hours and is close to breaking below $2,200. Recall that ETH stood tall close to $2,800 just until a week ago.
Solana, Dogecoin, Cardano, SUI, LINK, HBAR, and LINK are also deep in the red from the bigger alts. Even more painful declines come from VIRTUAL, APT, INJ, TIA, TAO, SEI, JUP, FET, and PEPE, as all of them are down by double-digits on a daily scale.
These developments are only supporting a recent report, which claimed that those hoping for an altseason are relying mostly on “wishful thinking” rather than any hard data.
