🚨 Bitcoin’s Grip Slips: Dominance Crashes Below 60% as Altcoins Go Berserk

Bitcoin just lost its crown—temporarily. The king of crypto’s market share plunged below 60% as altcoins stage a full-blown rebellion. Is this the altseason we’ve been waiting for? Or just another fakeout before BTC eats everyone’s lunch again?

### The Great Rotation

Money’s flooding into Ethereum, Solana, and even meme coins—because nothing says 'serious investment' like dog-themed tokens. Traders are chasing the next 100x while Bitcoin maximalists scream 'I told you so' from the sidelines.

### Wall Street’s Watching (And Laughing)

Hedge funds are placing bets like degenerate gamblers—because what’s finance without a little irrational exuberance? Meanwhile, Bitcoin HODLers are doubling down on their 'store of value' narrative. Spoiler: both sides think they’re geniuses.

### The Bottom Line

Markets move fast. Today’s altcoin darling is tomorrow’s dust. But one thing’s clear: when Bitcoin sneezes, the whole crypto market catches a cold—or a rocket to the moon. Buckle up.

Bitcoin Dominance Showing Weakness

This was the biggest indicator of altseason witnessed in 2017 and 2021, “and it shows that mega altseason for this bull run is pending,” commented crypto research channel ‘Bull Theory’ on Tuesday.

“Currently, BTC.D on the weekly chart shows clear weakness, and if it breaks down, we will see alts exploding randomly.”

Bitcoin dominance can drop to the 45% level in the next six months, and this is where altcoins pump 10x to 50x, they added. The sentiment has been echoed by several analysts, all observing the same thing.

Bitcoin Dominance is ready to drop!#Altcoinseason is officially set to begin…$BTC #BTC #Bitcoin pic.twitter.com/ALFxP0HgiD

— CryptoELlTES (@CryptooELITES) August 11, 2025

Nevertheless, CoinMarketCap’s altseason index is still a low 37 out of 100, implying that we’re not there yet. It hit 55 on June 21 during the market rally but has fallen back along with the prices of most altcoins.

However, Blockchain Center’s altseason index is showing a much higher reading of 53, having jumped over the past week with the rise of Ether.

$TOTAL2 is repeating history.

ALTSEASON IS IMMINENT! pic.twitter.com/dt7I1Sip7J

— Mister Crypto (@misterrcrypto) August 12, 2025

Altcoins Stealing The Show

Bitcoin has remained relatively stable over the past 24 hours, trading around $119,350 at the time of writing.

However, Ethereum has jumped more than 8% to reach $4,670, just 4.2% away from its 2021 all-time high, in Wednesday morning trading in Asia. Ether’s meteoric rise over the past month has eaten into Bitcoin’s market dominance.

Solana is also performing very well today with a 12% pump as it closes in on $200, while Cardano was up over 9% as it reached $0.86.

Chainlink was up 13% to reach $24.50, and Litecoin had gained 11% to hit a six-month high of $133 as altcoins stole the show today.