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Cryptocurrency News Articles
Bitcoin Dominance (BTC.D) Reaches Its Highest Point Since 2021
May 06, 2025 at 12:35 am
Bitcoin dominance (BTC.D) hit 64.98% in the first week of May, which is its highest since 2021. And this has started the chatter about the delayed altcoin season.
Independent analyst Markus Thielen shared on social media how the consistent trends that indicated when traders might rotate capital into altcoins are no longer valid. The underperformance of Ethereum and the lack of a strong alternative continue to delay the altcoin season.
Now, analysts are far from aligned on what happens next.
Mixed Signals on Altcoin Season
Matrixport’s May 5 chart places Bitcoin dominance alongside altcoin outperformance signals. According to their model, the market isn't in a position to rotate yet. Ethereum is still underperforming, and most altcoins aren't showing signs of leadership. The chart reads more like a warning than a green light.
But to quote another analyst, Darky thinks we’re close to a peak in dominance. If correct, this could signal a pullback in BTC.D and fuel altcoin gains. But other market watchers, like Milk Road, are not convinced.
Looking at the other side of the coin, data from Capriole Investments (chart below) shows that only 24% of altcoins have outperformed Bitcoin in the past 90 days. This is far below the levels seen in past altseasons, demonstrating how Bitcoin is soaking up liquidity rather than sharing it.
Altcoin rally needs more than just dominance levels
Others believe structural changes in this cycle are making altcoin seasons harder to predict. Apollo's Thomas Fahrer says institutions like BlackRock and Microstrategy are now buying Bitcoin, and they are not likely to rotate into alts. They hold for long-term conviction, not to chase speculative rotations.
Adding fuel to Bitcoin's growing grip on the market, Michael Saylor just yesterday hinted that MicroStrategy is preparing for another large purchase. If it goes through, the company's total holdings could climb close to 600,000 BTC
Such a big buy from one of the largest corporate holders could give prices the nudge they need. For now, altcoins are still on the sidelines while Bitcoin takes the lead.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Chainlink is rolling out a new community rewards program to incentivize participation in its ecosystem, starting with a token distribution from decentralized data platform Space and Time (SXT).
- Jun 09, 2025 at 08:20 am
- The program, called Chainlink Rewards, allows those projects based on the network to reward eligible Chainlink node operators and community members who help secure the network.
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- Bitcoin [BTC] may be holding steady near resistance, but under the surface, correlations with altcoins are cracking
- Jun 09, 2025 at 08:20 am
- Bitcoin was grinding sideways near the $94.3k level at press time, brushing against the resistance but lacking follow-through. The daily chart highlighted a cluster of indecisive candles following a strong push – Classic signs of momentum fading.
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- Bitcoin Solaris Brings Oracle Functionality to Blockchains, Becoming a Critical Part of DeFi Infrastructure
- Jun 09, 2025 at 08:05 am
- Chainlink brought oracle functionality to blockchains, becoming a critical part of DeFi infrastructure. But for most LINK holders, participation has always been passive.
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