Hey there, my crypto people! Are you wondering when the hell altcoins are going to go up? Well, you're not alone! We're all waiting for that "altcoin season" that will make us millionaires, but it seems Bitcoin (BTC) won't let go of the crown. Today I'm bringing you what the experts have to say about why BTC is still king and when we might finally see the other cryptos explode. Watch out, things are getting interesting! 😉
Bitcoin clings to its throne: Why won't it let go of the crown? 👑
Imagine if Bitcoin is the kingpin of the crypto world. Its market share, or percentage of the total market, is around 63.9%, and in May it reached 65.3%. It's serious business! Historically, when BTC is so strong, it's like a sign that money is going to start moving toward altcoins. But this time, nothing! The bill stays with the Bitcoin. Why?
One of the biggest rumors is that institutional investors (those bigwigs with a lot of money) are now seeing Bitcoin as the safe way to get into crypto. With the new spot Bitcoin ETFs, a ton of money is going straight into BTC. Before, altcoins were like the risky bet for those who wanted to make more than Bitcoin. But now, the big players can go straight into BTC without all the regulatory hassle, and they love it. It's like Bitcoin has become the Ferrari of choice for the rich! 🏎️
Furthermore, Bitcoin is seen as the safest bet, with clear regulations and running like clockwork. In contrast, many altcoins still struggle with smart contracts, regulations are not as clear, and some are highly centralized. Therefore, institutional investors are staying away from them, at least for now!
What the charts tell us: BTC is still in charge! 📊
If you look at the Bitcoin dominance chart, it's like watching a staircase that hasn't stopped rising since the end of 2022. It's at 64.8% market share. Unlike the boom of 2020-2021, when BTC reached 73% and then quickly dropped back down to allow altcoins to rally, there's no sign of a reversal now. It's a steady flow of money into Bitcoin, with other cryptos left behind, watching the caravan go by!
And to top it all off, the Ethereum (ETH) vs. Bitcoin (BTC) ratio, which is a barometer of how altcoins are doing, isn't looking good. Ethereum has been struggling to outperform Bitcoin for almost two years. This means that if you held BTC instead of ETH, you actually made more money! When ETH rises more than BTC, it's a sign that people are taking more risks and altcoins are about to have their moment. But when ETH falls against BTC, people get defensive and concentrate their money on Bitcoin.
Jess Houlgrave, CEO of Reown, tells us that altcoins are lagging behind because many are driven by pure hype, not by anything solid. Meanwhile, Bitcoin has earned its reputation for its trust among major players, its utility, and its importance in the global economy. It's the "Messi" of crypto! ⚽
Some crypto influencers were saying that the biggest altcoin season in history would start in June, like in other years. But global issues (political tensions, uncertainty about bank interest rates, and people afraid to invest) are putting a stop to the fun. Plus, liquidity is scattershot across a ton of new altcoin projects, meaning few are able to maintain momentum. It's a bit of a chaotic market!
But beware! Ethereum is quietly gathering strength 💪
Not all is lost! On the upside, Ethereum is seeing "whales" (those giant investors) accumulating ETH like crazy. They even bought over 870,000 ETH in a single day, the most since 2017! And ETH ETFs are also seeing steady inflows: 19 days in a row with net inflows totaling over $500 million. That's a bundle!
Although the price of ETH has dropped slightly, it's due to a sophisticated investment strategy, not because it's doing poorly. If ETH ETFs in the US are approved for staking (i.e., putting your ETH to work to earn more), this strategy could explode, yielding up to 8% in profits!
When will the long-awaited altcoin season arrive?
For those dying to know when Bitcoin's dominance will loosen, the experts' answer is: not yet, but soon. Altcoin season is taking its time, but it's not canceled. Once Bitcoin stabilizes and fresh silver starts looking for more gains, the altcoin market could take off. Stay tuned for late 2025 or early 2026! It could be a golden moment! 🌟$BTC $ETH $SOL
