Although Bitcoin continues to hold its position firmly within the market, numerous altcoins are witnessing substantial price increases, indicating potential for additional growth across the cryptocurrency sector.
Key Insights:
Altcoins are experiencing robust rallies concurrent with Bitcoin’s stability, which maintains a dominance of 64%.
Typically, a decrease in Bitcoin’s market dominance serves as a precursor to an “altseason,” but that signal is presently lacking.
Nonetheless, analysts believe the altcoin season is now in motion.
According to crypto analyst Matthew Hyland, “BTC dominance hasn’t even sneezed and Alts are ripping,” a remark that emphasizes the recent gains of various altcoins while Bitcoin continues to exhibit its dominance.
As of the latest updates, Bitcoin’s dominance was recorded at 64.46%, reflecting a marginal drop of 1.53% over the previous week, even as Bitcoin reached unprecedented heights of $118,760 on Friday.
Bitcoin Dominance Drops Usually Marks Start of Altseason
Conventionally, a decline in Bitcoin dominance heralds the arrival of an “altseason” characterized by altcoins capturing a larger market share.
However, the ongoing rise in altcoins, despite Bitcoin’s stable dominance, may signal an influx of new capital entering the entire crypto market rather than a significant shift away from Bitcoin itself.
Notably, among the outstanding performers in the last week, MemeCore (M) achieved an astonishing surge of 1,263%, followed by Mog Coin (MOG) with an increase of 75% and Stellar (XLM) rising by 67%, as per data from CoinMarketCap.
Ether (ETH), securing its position as the second-largest cryptocurrency, recorded a growth of 17.68% during the same timeframe, with the ETH/BTC ratio climbing by 8.39%, reinforcing the prospect of a heightened focus on altcoins among traders.
Despite this, CoinMarketCap’s Altcoin Season Index indicates a “Bitcoin Season,” registering a score of 29 out of 100, which shows Bitcoin is still the principal market influencer.
Nevertheless, traders like Michaël van de Poppe, the founder of MN Trading Capital, perceive the market nearing what could be the “final easy and biggest bull ever on Altcoins.”
“Trading altcoins is complex; hence, downward corrections are challenging while the upward gains can be significant,” he stated.
Instances such as $OMNI exemplify why I prefer to enter positions early.
Particularly if I’m inclined to embrace higher risks (I believe we’re on the brink of witnessing the final easy and biggest bull ever on #Altcoins), I would rather be ahead of the curve than investing post such a surge.…
— Michaël van de Poppe (@CryptoMichNL) July 11, 2025
Insights from on-chain analytics firm Santiment further validate this perspective, reinforcing the notion that an altcoin season has indeed commenced.
According to Santiment, provided Bitcoin maintains its position above significant psychological support around $110,000, it is likely that traders will continue reallocating profits into altcoins, thereby spurring further development in the broader cryptocurrency landscape.
Bitcoin Surpasses Silver in Market Capitalization
In a notable achievement, Bitcoin’s market capitalization has exceeded that of silver, reaching $2.34 trillion following the cryptocurrency’s latest all-time high that surpassed $118,000.
This achievement positions Bitcoin as the sixth-largest asset globally, overtaking silver, which has a market cap of $2.16 trillion, according to data from Companies Market Cap.
Bitcoin is now approaching the top five assets, with Amazon’s market cap of $2.37 trillion within its sights.
Trailing behind Bitcoin and silver are tech giants Google and Meta, valued at $1.15 trillion and $1.79 trillion, respectively.
However, gold continues to hold the title of the dominant asset with an impressive market cap of $22.6 trillion, followed by NVIDIA, Microsoft, and Apple, each with market caps in the $3 to $4 trillion range, which currently places them ahead of Bitcoin.
Institutional demand has played a significant role in supporting Bitcoin’s consolidation above $100,000, paving the way for its recent price rally.
Petr Kozyakov, CEO of Mercuryo, emphasized that institutional interest is a crucial factor driving Bitcoin’s increasing value, highlighting its growing role as a store of value alongside altcoins like Ethereum, which has recently surpassed the $3,000 threshold.
The post explores the ongoing dynamics in the cryptocurrency market as altcoins show resilience and gain traction alongside Bitcoin’s enduring strength.
