The cryptocurrency market is entering an exciting phase as Bitcoin officially sets a new historical price peak at 111,861.22 USD. The surge of BTC has triggered a wave of growth across the market, pushing the total market capitalization of crypto to 3.51 trillion USD, up 3.56% in the past 24 hours. Trading volume also recorded a spike of over 62%, reaching 192.3 billion USD, indicating a significant increase in investor participation. The excitement is evident through the Fear & Greed Index, currently at 73 – Greed, reflecting the optimistic sentiment prevailing among the investor community.

Bitcoin: The Engine Driving the Market Forward

Currently, Bitcoin is trading around 111,486.13 USD, up 8.34% in just one day. The trading volume of BTC in the last 24 hours also surged by 82.64%, reaching 89.74 billion USD. This is a signal that large money is flowing into Bitcoin.

However, it is noteworthy that the dominance rate of BTC has remained around 63% over the past 30 days – currently at 63.90%. Nevertheless, BTC dominance has broken the upward wedge pattern on the daily chart – a technical signal suggesting potential price declines for this index, and a signal paving the way for Altcoin Season.

Altcoin Season: Signals Are Forming

Although the Altcoin Season Index currently only stands at 24/100 (according to CoinMarketCap) – meaning it has not officially entered altseason – the conditions are gradually converging:

Important technical thresholds:

  • BTC Dominance needs to drop below 61.94% to create an early signal for altcoin season.

  • If it breaks below 60.24%, this will be a clear confirmation for altseason.

  • BTC price should remain stable or increase slightly, avoiding strong corrections to maintain confidence and liquidity across the market.

History has shown: whenever BTC breaks its previous peak by over 10%, altcoins usually surge strongly by 50% to 200% within just 2–4 weeks after that.

The Main Drivers Prompting the Recent Strong Surge

  1. Donald Trump's fundraising party featuring many influential figures in the crypto space.

  2. JPMorgan officially enters the Bitcoin options market, opening the door to institutionalization.

  3. The U.S. Senate announces the GENIUS Act, creating a more positive legal framework for digital assets.

  4. ETF funds continue to buy heavily, with over 3,120 BTC absorbed in just a few days.

Current Strategy

According to insights from CryptoBusy, the smart strategy right now is to let Bitcoin lead the trend, while gradually accumulating quality altcoins that have not surged significantly. Names with good fundamentals, mid and low market caps, that have not broken out in the recent rise are potential opportunities.

Summary

The crypto market is in one of the most dynamic phases in history, with participation from both retail and institutional money.

Although altseason has not officially started, technical indicators and market sentiment are leaning towards the likelihood of a major breakout happening soon.

Keep a close watch on Bitcoin's dominance levels, maintain investment discipline, and prepare for a booming altcoin season!