Bitcoin’s Grip Weakens: Dominance Dips Under 60% as Ethereum Charges & U.S. Stocks Soar

Crypto's old guard stumbles while altcoins feast—and Wall Street somehow still wins.

Bitcoin's throne is looking shaky. The king of crypto now controls less than 60% of the market as Ethereum leads an altcoin uprising. Meanwhile, traditional markets keep hitting record highs—because nothing kills innovation like a bull market fueled by cheap money.

The ETH rally isn't just stealing BTC's spotlight—it's exposing the absurdity of 'store of value' narratives when even blue-chip stocks are mooning. Traders are chasing yields everywhere except their 0.01% APY savings accounts.

This isn't a rotation—it's a full-scale liquidity riot. And as usual, the SEC's watching from the sidelines with a stack of unopened ETF applications.

Technical analysis perspective:

• On July 10, 2025, BTC pierced the May 22 high of $112,000.
• Bitcoin hit a new all-time high on July 14 at $123,231.07.
• BTC/USD retested the prior $112,000 level early last week.
• Prices are trading into a strong resistance band between $120,990 and $123,231.
• Bear case: a rejection of that zone would likely send BTC down toward $116,500–$115,000 (the preferred pullback scenario).
• Bull case (alternate): a sustained break above $123,231 would clear the path for fresh all-time highs.

• ETH pierced March 2024 high of $4,410.
• Prices are targeting all-time high of $4,867 from November 2021.
• The $4,650–$4,867 area could stall the rally and an initiate a corrective decline.
• Bear case (ideal scenario): A rejection of $4,650–$4,867 band triggers unwinding of longs, targeting $4,110–$3,750 support.
• Bull case (alternate): A sustained break and hold above $4,867 would confirm continuation to fresh highs.