IS THE ALTCOIN BULL SEASON STARTING IN 2025? EXPERTS' OPINIONS AND MARKET EXPECTATIONS
Eyes in the cryptocurrency market are on when the altcoin bull season will begin, with Bitcoin's (BTC) market dominance increasing. Jupiter Zheng from HashKey Capital predicts that a major altcoin season could begin after Bitcoin dominance reaches the 60-65% levels. Currently, Bitcoin's market dominance hovers around 61%.
However, some indicators suggest that the altcoin season has not yet started. CoinMarketCap's Altcoin Season Index is at 29 as of February 21, 2025; this indicates that altcoins are performing worse compared to Bitcoin.
Analyst Benjamin Cowen states that the Ethereum/Bitcoin (ETH/BTC) pair needs to rise for the altcoin season to begin. The current stagnation in the ETH/BTC pair shows that altcoins have not yet gained strength.
As a result, it is expected that factors such as Bitcoin dominance reaching its peak and the strengthening of the ETH/BTC pair will need to occur for the altcoin bull season to start. It is important for investors to closely monitor market indicators.
