Has the bear market for altcoins ended?
Recently, the cryptocurrency market has undergone a significant shift, with Bitcoin's dominance declining and altcoins and meme coins rising strongly. Various signs indicate that a prosperous period for altcoins may have arrived.
The dominance of the stablecoin USDT may have dropped to its lowest point since 2022, showing that funds are accelerating their flow into Bitcoin and other cryptocurrencies. Both technical indicators and market sentiment suggest that altcoins may experience a comprehensive rebound by May 2025.
The chart representing the total market capitalization of non-Bitcoin cryptocurrencies has broken through the downward trend line that has been in place since January 2025, forming a bullish breakout and a high-low pattern on the daily chart. If it can further break through the $1.25 trillion resistance level, it will confirm a sustained upward trend for altcoins, indicating that funds are shifting from Bitcoin to altcoins.
Meanwhile, Bitcoin's dominance has dropped 4% in six days, marking the largest decline since November 2024, which typically indicates that funds are flowing out of Bitcoin and into altcoins, driving their prices up. Bitcoin's dominance has shown a strong bearish divergence, accompanied by a decrease in trading volume, signaling that the bear market for altcoins has ended.
Recently, the cryptocurrency market has undergone a significant shift, with Bitcoin's dominance declining and altcoins and meme coins rising strongly. Various signs indicate that a prosperous period for altcoins may have arrived.
The dominance of the stablecoin USDT may have dropped to its lowest point since 2022, showing that funds are accelerating their flow into Bitcoin and other cryptocurrencies. Both technical indicators and market sentiment suggest that altcoins may experience a comprehensive rebound by May 2025.
The chart representing the total market capitalization of non-Bitcoin cryptocurrencies has broken through the downward trend line that has been in place since January 2025, forming a bullish breakout and a high-low pattern on the daily chart. If it can further break through the $1.25 trillion resistance level, it will confirm a sustained upward trend for altcoins, indicating that funds are shifting from Bitcoin to altcoins.
Meanwhile, Bitcoin's dominance has dropped 4% in six days, marking the largest decline since November 2024, which typically indicates that funds are flowing out of Bitcoin and into altcoins, driving their prices up. Bitcoin's dominance has shown a strong bearish divergence, accompanied by a decrease in trading volume, signaling that the bear market for altcoins has ended.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
103,555.56
-0.75%
