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Legendary Trader Peter Brandt Announces Altcoin Season’s Start

Thu, 17/07/2025 - 8:47

Savvy trader Brandt says the altcoin season has arrived, spotting a bullish pattern on a chart

Legendary Trader Peter Brandt Announces Altcoin Season’s Start

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"It's altcoin season," Peter Brandt announces

Bitcoin OG Davinci on altcoin season

Old-school commodity trader Peter L. Brandt, who began his trading career in the mid-1970s, has published a post about an altcoin season potentially arriving.

"It's altcoin season," Peter Brandt announces

He published a chart that shows a total market capitalization value of the cryptocurrency market, excluding the largest crypto, Bitcoin. A Cup and Handle pattern is forming on this chart, indicating a potential substantial price increase coming. “It's altcoin season,” Brandt tweeted.

The chart shows that the total market cap is currently at $1.39 trillion, but it is approaching the peak reached in 2021, which totaled $1.7 trillion. Many influencers and analysts have been predicting an altcoin season to arrive in 2025 – a period when capital begins shifting from Bitcoin to altcoins, as many BTC traders start to sell and shift their investments into alternative cryptocurrencies.

Additionally, Bitcoin's market dominance is currently hovering around 64%, and historically, this level has preceded altcoin rallies, when Bitcoin's dominance drops below the 60% mark.

Early Bitcoin adopter and crypto YouTuber Jeremie Davinci has also shared his take on this matter. In a recent tweet, he stated that “altseason hasn’t started” yet. However, he continued, “when it’s here, most will be too late.”

Unlike other early Bitcoin adopters, Davinci is not a BTC tribalist, and he often tweets about large and small-cap altcoins, apparently, investing in them too, but not holding them long term. He also often mentions the leading meme coins – SHIB, DOGE, and PEPE.

Recently, he published several tweets about Bitcoin. One of them addressed recent college graduates who now have substantial student loan debt and must start repaying it. Davinci wrote that those who saved BTC ten years ago are retiring early now, hinting that the new generation of investors should perhaps take this path and start stacking BTC as well to see huge positive changes in their lives over the next ten years, too.

That tweet came after his ultra-bullish Bitcoin price forecast, in which he predicted that BTC would soar as high as $500,000 per coin.

Crypto could be used to blow up entire US economy, Senator Elizabeth Warren suggests

Senator Warren Warns Crypto Could Destroy US Economy

Massachusetts Senator Elizabeth Warren has suggested that the cryptocurrency sector could potentially destroy the U.S. economy if there are no proper guardrails in place.

Warren has harshly criticized major crypto legislative efforts, claiming that she does not want to see the government signing off on "very weak regulation," specifically that written by crypto industry lobbyists.

"They also don't put enough safeguards in place for consumer protection…and guardrails to make sure that crypto isn't used to blow up our entire economy. So I'm very worried about that," she told Bloomberg.

The influential progressive Democrat has warned that the CLARITY Act has a provision that would let any company listed on the New York Stock Exchange out of SEC oversight with the help of digitalization.

On Wednesday, after a record-shattering 10-hour vote, the House passed a procedural measure by a vote of 220-209 to advance the package of three crypto bills to the House floor (the CLARITY Act, the GENIUS Act and the Anti‑CBDC Surveillance State Act).

Notably, the vote on the rule to consider the crypto bills has now become the longest vote in the history of the U.S. House of Representatives.

Addressing Powell rumors

Warren also expressed concerns about the independence of the U.S. Federal Reserve amid reports of Chair Jerome Powell's potential ouster.

While making it clear that she disagrees with Powell on monetary policy and on regulatory oversight, Warren stressed that firing him would be illegal.

As reported by U.Today, major cryptocurrencies briefly rallied on the news given that Powell's early exit would likely weaken the U.S. dollar.

Elon Musk has shared a joke about cracking the wallets of Bitcoin creator Satoshi Nakamoto

Cracking Satoshi’s Wallets? Elon Musk Weighs In

Will Satoshi challenge Musk?

Musk has denied being Satoshi

Centibillionaire Elon Musk has reacted to a joke about cracking Satoshi Nakamoto's Bitcoin wallets with a laughing emoji.

X user @CtrlAltDwayne, who caught Musk's attention, facetiously asked Grok (Musk's popular AI chatbot) to hack Satoshi's Bitcoin riches in exchange for $200.

Source: X.com

Musk's succinct reaction to a frivolous Bitcoin post has not gone unnoticed by members of the Bitcoin community, who are busy speculating about the centibillionaire's rekindled interest in crypto-related content.

Ethereum (ETH) Tops $3,300 as Holder Numbers Break Records

Will Satoshi challenge Musk?

Meanwhile, some are already speculating about Satoshi potentially dethroning Musk as the world's richest person due to Bitcoin's rapid price appreciation.

Following the cryptocurrency's latest rally, the enigmatic Bitcoin creator managed to surpass former Alphabet President Sergey Brin.

According to the Bloomberg Billionaires Index, Satoshi's net worth currently stands at $366 billion. Oracle CEO Larry Ellison comes in second place with $257 billion. Mark Zuckerberg is also in the top three with an estimated net worth of $247 billion.

Musk has denied being Satoshi

Some have speculated that Musk himself could be Satoshi due to his background in cryptography. The prominent entrepreneur co-founded X.com, which ended up becoming payments giant PayPal. As reported by U.Today, a former SpaceX intern also argued that Musk's writing style was similar to that of Satoshi.

Musk, however, denied being Satoshi. Back in 2017, he stated that it was "not true."

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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