- Bitcoin’s market cap fell 4.55% to $1.047 trillion, while altcoins surged to $983.58 billion, marking the largest deviation since 2019.
- Bitcoin’s trading volume dropped 48.92% to $15.76 billion, while Ethereum’s rose 10% to $15 billion, signaling altcoin momentum.
- Bitcoin’s RSI dropped to 45, indicating bearish momentum, while Ethereum’s RSI climbed to 65, showing strong buying pressure.
Bitcoin’s market capitalization dominance is scrutinized as altcoins witness their biggest market cap deviation since 2019. Historically, BTC peaks when altcoins surpass their market cap, hinting at a potential shift. With current trends, analysts closely watch whether history will repeat itself in the coming months.
Crypto Rover highlighted a significant market event where the total market cap of altcoins surpassed that of Bitcoin, marking the largest deviation since 2019. Bitcoin’s market cap declined 4.55% to $1.047 trillion, while altcoins surged to $983.58 billion, a 1.19% increase. Bitcoin’s price fell to $62,786.56, losing $4,567.82 in value.
During the 2017 cycle, BTC peaked at around $20,000 before entering a bear market, while altcoins, led by Ethereum and Ripple, continued rallying. Similarly, in 2021, when Bitcoin’s market cap dominance fell below 40%, the altcoin market saw an unprecedented boom, with assets like Solana and Avalanche achieving record highs.
The latest data from CoinMarketCap revealed that BTC’s market cap stood at $800 billion, while the total altcoin market cap reached $850 billion. It marked a significant deviation, reflecting investors’ increasing confidence in alternative digital assets. Ethereum’s market cap rose to $300 billion, while Solana climbed to $75 billion, underscoring altcoins’ growing market strength.
Bitcoin’s Market Cap Decline Signals Shift
Crypto traders anticipate an altcoin season, but multiple factors may delay it. Analysts suggest low retail interest, memecoin hype, and Trump’s tariff war impact altcoin performance. Smaller altcoins outside the top 10 are struggling, with their total market cap at $277 billion, a 77% drop from their November 2021 peak of $492 billion.
The shift in market cap is also reflected in trading volume. BTC’s daily trading volume declined to $15.76 billion, down 48.92% from the previous day’s $27.5 billion. Meanwhile, altcoins saw increased interest, Ethereum’s volume rose to $15 billion, up 10%, while Solana’s volume hit $5 billion, a 15% increase.
Technical indicators reinforce the shifting momentum. Bitcoin’s RSI dropped to 45 from 55, suggesting bearish momentum, while Ethereum’s RSI rose to 65 from 60, indicating strong buying pressure. BTC’s MACD showed a bearish crossover, confirming a downward trend, while Ethereum’s MACD remained bullish, signaling continued upward momentum.
On-chain data highlights changing user activity. BTC’s active addresses declined by 5% to 850,000, while Ethereum’s active addresses increased by 3% to 500,000. These metrics indicate a growing preference for altcoins, further strengthening the narrative of a market shift away from BTC’s dominance.
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