šØ Altcoin Rotation Intensifies as Bitcoin Nears $120K
Bitcoin (BTC) traded just under $120,000, holding steady as traders increasingly rotated capital into altcoins like Ethereum (ETH) and Dogecoin (DOGE).
š Key Highlights:
Bitcoin:
Trading at $118,986, up 2.6% weekly, yet losing market share as BTC dominance drops from 66% to 61.75%.
Ethereum (ETH):
Surged to $3,793, its highest level since early 2022.
Weekly gains of 25%, driven by new ETH-based treasury products and ETF inflows.
ETH/BTC ratio shows Ethereum regaining strength versus Bitcoin.
Dogecoin (DOGE):
Leading altcoin gains with a 33% weekly rally, now at 27 centsāits best performance in over a year.
Other Altcoins:
XRP: $3.55 (+4.1% daily).
Solana (SOL): $189 (+6.6% daily).
Cardano (ADA) and BNB Coin (BNB): Both over 3% daily gains.
š Why This Matters:
Institutional Rotation:
Legacy firms, having fully positioned in BTC, are diversifying into ETH and real-world asset (RWA) token plays.
Legislative Tailwinds:
The GENIUS Act and upcoming regulatory clarity are supporting broader altcoin adoption.
RWA Tokenization Surge:
Over $24 billion in tokenized real-world assets, with major TradFi players like BlackRock entering the sector.
šÆ Conclusion:
While it may be too early to declare a full altseason, capital rotation into Ethereum, Dogecoin, and RWA-related altcoins is unmistakably underway. BTC consolidation could further accelerate this trend.
