$BTC 🇺🇸 JUST IN: Bo Hines says it’s “Crypto Week” in the House as the GENIUS Act heads to the President’s desk and the Clarity Act moves to the Senate.

“Time to make America the Crypto Capital of the World.”

A crypto analyst suggests altcoins may have plenty more upside, as many are already surging without pulling much market share from Bitcoin.

“BTC dominance hasn’t even sneezed and Alts are ripping,” crypto analyst Matthew Hyland said in an X post on Friday.

Bitcoin reaches new highs on three consecutive days

TradingView shows Bitcoin

BTC

$117,837

Dominance is 64.46% at the time of publication, down just 1.53% over the past week, while altcoins saw significant price spikes amid Bitcoin reaching new all-time highs on Wednesday, Thursday, and reaching $118,760 on Friday.

Hyland said, “What do you think happens if it drops from 65 to 45.”

Cryptocurrencies, Bitcoin Price

Bitcoin dominance is 64.60% at the time of publication. Source: TradingView

Analysts have traditionally used Bitcoin Dominance to gauge the timing of altcoin season, with a decline typically seen as a signal that altcoins are gaining market share.

However, while BTC Dominance stayed relatively steady, the recent altcoin surge could signal that fresh capital is flowing into the wider market.