WILL THE ALTCOIN BULL SEASON START IN 2025? EXPERTS' OPINIONS
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Eyes in the cryptocurrency market are focused on when the altcoin bull season will begin, alongside the increasing market dominance of Bitcoin (BTC). Jupiter Zheng from HashKey Capital predicts that a significant altcoin season may commence after Bitcoin dominance reaches the 60-65% levels. Currently, Bitcoin's market dominance is 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 have been performing worse compared to Bitcoin.
Analyst Benjamin Cowen states that for the altcoin season to begin, the Ethereum/Bitcoin (ETH/BTC) pair needs to rise. The current stagnation in the ETH/BTC pair indicates that altcoins have not yet gained strength.
As a result, factors such as Bitcoin dominance reaching its peak and the strengthening of the ETH/BTC pair are expected for the altcoin bull season to start. It is important for investors to closely monitor market indicators.