🔥 Altcoins Take Off—ETH, XRP & SOL Spark Market Rally! 🚀📈
Over the previous week, Ethereum, XRP, and Solana led the cryptocurrency market to optimism.
Bitcoin dominance has dropped 6.9% from its cycle high of 66%, indicating capital rotation to altcoins.
The GENIUS Act might boost stablecoin altcoin blockchains.
A persistent rally in key cryptocurrencies including Ethereum (ETH), XRP, and Solana (SOL) over the last week suggests an altcoin season, while Bitcoin (BTC) remained range-bound.
Bitcoin momentum dips, altseason begins.
Over the previous week, popular altcoins like Ethereum, Solana, and XRP gained over 20%, while Bitcoin fell 2%.
The rise lowered Bitcoin's Dominance to 59% last week, down from 66% cycle high. The fall may indicate that investors are shifting money from Bitcoin to top altcoins, indicating an altcoin rally.
"Historically, such sustained declines in Bitcoin dominance, especially without a sharp BTC correction, often signal altcoin-led phases within broader bull markets," Bitfinex analysts noted Monday.
Bitcoin's dominance fell when the altseason index rose over 50 for the first time since December.
According to SoSoValue, Ethereum ETFs saw a record $2.18 billion influx last week, surpassing $908 million. According to Coinglass statistics, Ethereum's futures Open Interest (OI) rose from $40 billion to $57 billion in a week, reflecting traders' confidence.
After a successful Crypto Week in the House of Representatives, President Trump signed the GENIUS law on Friday, boosting inflows and OI. According to QCP analysts' Monday investor note, the new crypto regulation may help Layer-1 networks' native tokens that host stablecoins.
"These Treasuries are looking to ETH and other L1s such as SOL, XRP, and ADA to become what BTC is to the likes of Strategy and Metaplanet," said QCP.
The experts said an alt season may "already be in motion." if the present cryptocurrency surge continues and the SEC approves staking in Ethereum ETFs.
#BTCvsETH #ETHBreaks3700 #sol #xrp #GENIUSAct $ETH $XRP $SOL
