Bitcoin dominance #btc exceeds 60%: Is there still hope for an altcoin season?
Is an altcoin season around the corner?
Despite Bitcoin's rise, analyses suggest the market might be entering a new phase.
According to analyst “Rekt Capital,” the beginning of an “altcoin season” may be on the horizon when Bitcoin dominance reaches 71% and then declines from that level.
Historically, such a reversal often signals a corrective move in the market, allowing altcoins to gain and recover some of their lost market share.
If these patterns repeat, the current phase could represent an anticipated turning point in the market cycle.
What is cryptocurrency mining? "Mining" is the method by which a new unit of cryptocurrency enters circulation; you can think of it as being similar to the way a central bank issues traditional currency. However, the way this happens is not through a printing press; it is done through a technically complex process where large computational resources are applied to solve complex mathematical equations.
Investors Prefer Bitcoin as a Safe Haven in Times of Uncertainty
The price of Bitcoin rose to $87,518 at 2:31 AM New York time, recovering most of its recent losses. The cryptocurrency had lost some of its gains following Trump's announcement of reciprocal tariffs at the beginning of this month.
When the dollar declines, investors seek alternative assets to protect their wealth. In this context, Bitcoin is viewed as a safe haven similar to gold, especially during periods of political and economic volatility.
This perception has boosted gains in other cryptocurrencies. For example, Ethereum jumped 2.6% to reach $1,647. XRP rose by 2.7%, while Cardano recorded gains of 3%.
The price of Bitcoin has formed a bullish pattern before the current rebound..
The price of Bitcoin has been slowly forming a very bullish chart pattern before the current rebound.
It has also surpassed the exponential moving averages (EMA) for 50 and 100 periods, indicating that bulls currently dominate the market. All oscillators, such as the Relative Strength Index (RSI) and the Stochastic Oscillator, indicate a price increase.
Most importantly, Bitcoin has formed an inverse head and shoulders pattern. Therefore, it is likely that the currency will continue to rise, with bulls targeting the next key resistance level at $88,585, which is the neckline.
Any movement above this level will indicate further gains, potentially reaching the psychological level of $90,000. Conversely, any move below the support level at $84,000 would invalidate the bullish outlook.
Bitcoin exchange-traded funds saw modest inflows of $15 million, a shift from the previous outflows of $713 million, but it is the smallest inflow in 2025, indicating a sense of caution among investors.
Despite Bitcoin rising 3% to $87,641, open interest in futures contracts declined by 2%, suggesting that traders lack conviction in the continuation of the rally.
The positive funding rate of 0.0052% indicates some bullish sentiment, with the number of long traders outnumbering short traders despite the caution in the broader market.
The current price of TRX is $0.24530 as of 21/4/2025.
TRX recorded its all-time high on 4/12/2024 at $0.44935, while it recorded its all-time low on 12/11/2017 at $0.001804.
Experts expect the price of TRX to reach $0.47 in 2025, then rise to $1.86 by 2030.
The price of TRX is expected to range between $0.216 and $0.75 in 2027.
TRON is continuously evolving in the field of decentralized finance (DeFi), while the ecosystem is experiencing significant expansion with an increase in the number of users.
The TRX community strongly supports the project, as evidenced by the increased staking activity and integration with new blockchain applications.
Upcoming developments, such as network updates and expanding partnerships, may attract new investors and enhance TRX liquidity.
According to technical analysis, the nearest support levels are at $0.1756. If the price can break through the resistance level at $0.2826, the asset's price could rise to $0.42. $TRX
According to the details provided in the submitted document, the fund plans to store a portion of TRX coins through external storage service providers, allowing for additional yield generation through a staking mechanism, while maintaining a stringent security model.
The fund is specifically designed to simplify the investment experience in TRX for traditional investors seeking exposure to digital assets without the need to manage the assets themselves.
So far, the fund's trading code or the associated management fees have not been disclosed.
It is worth noting that TRX is the native digital currency of the Tron network, operating on the Tron blockchain that was launched in 2017 and relies on a Delegated Proof of Stake (DPoS) model. #TRXETF
#TRXETF The company “Canary Capital” has officially submitted a request to the U.S. Securities and Exchange Commission (SEC) to launch the first exchange-traded fund (ETF) listed in the United States that focuses on the TRX currency of the Tron network, and includes the ability to earn rewards through staking and delegation.
The proposed fund, named “Canary Staked TRX ETF,” aims to track the spot price of TRX using pricing indexes from CoinDesk, after deducting operational costs.
“BitGo Trust” will be responsible for custody of the digital assets within the fund, including full control over the private keys. #TRXETF $TRX
Trump’s criticism stems from his view that, as he said Thursday, “we have essentially no inflation.” The Fed sharply raised rates in 2022 and 2023 to slow borrowing and spending and tame inflation, which dropped steadily from a peak of 9.1% in 2022 to 2.4% last month. Inflation is not far from the Fed’s target of 2%. The Fed even cut rates three times at the end of last year.$BTC
After the rise of meme coins, analysts expect the price of Solana to reach $300, pointing to a breakout in a descending wedge pattern, which is a bullish indicator. Analysts highlighted the occurrence of key support bounces that pushed the price above the resistance level at $230. Strong trading volume and price momentum confirmed this breakout, reinforcing optimism for further gains as positive sentiment drives the price of Solana to new discovery levels.
Currently, Solana is trading at $254.35, achieving a weekly gain of 36.40%. The market capitalization of the coin is $123.76 billion, with a 24-hour trading volume increase of 295.32% to reach $19.85 billion, reflecting significant investment interest in Solana.
Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of any asset, nor should it be considered a solicitation, offer, recommendation, or suggestion for investment.
The rapid growth of the Solana system, especially in the meme coin sector, has played a pivotal role in the recent price increase. Among these coins, the value of "Official Trump" - launched by elected President Donald Trump - has risen to a market capitalization of $5.5 billion. This significant rise in meme coins within the Solana system has notably attracted investments into SOL.
The technical infrastructure of Solana continues to attract a growing user base thanks to its transaction processing speed and low costs. Over the past week, Solana’s decentralized exchange (DEX) networks processed transactions worth $36.2 billion. This efficiency enhances the user experience and increases investor confidence in the platform.
"Binance maintained its leading position in the market in both quarters, with a trading volume of $9.95 trillion in the fourth quarter of 2024. Due to market fluctuations, its trading volume in the first quarter of 2025 was approximately $8.39 trillion. Binance continued to lead in market share, reaching 36.5% in the first quarter of 2025" ,
The Solana SOL token was traded at around $136 on Thursday morning, marking its highest level since March 28.
The token recorded a daily increase of 6%, surpassing the daily gains of Bitcoin BTC, Ethereum ETH, Ripple XRP, as well as the rest of the currencies in the top ten by market capitalization.
Over the week, the token jumped by nearly 23%, making it one of the best-performing cryptocurrencies among the top one hundred.
Solana SOL ETF funds reach the Canadian market
The strong momentum seen in the price of SOL is partly due to the launch of the first spot ETF funds for Solana in Canada, by prominent financial firms such as 3iQ, Evolve, CI, and Purpose.
The vision of Binance Alpha is to create a thriving Web3 ecosystem where innovative projects can flourish. By providing a supportive environment and fostering collaboration, the program aims to address the challenges faced by Web3 developers and accelerate the adoption of decentralized technologies.
Real-Time Market Insights: Users can access live updates on cryptocurrency prices, trading volumes, and market trends. Binance Alpha integrates AI-driven tools to predict potential price movements, helping traders stay ahead.
Exclusive Research Reports: Gain access to in-depth research prepared by Binance’s team of analysts. These reports cover various topics, including new token launches, project evaluations, and market sentiment analysis.
Customizable Alerts: Binance Alpha allows users to set personalized alerts for market fluctuations, ensuring they never miss critical trading opportunities.
Learning Hub: For beginners, the platform includes an extensive library of educational content, ranging from blockchain basics to advanced trading strategies.
The key to accessing your digital assets is through your account. That’s why account security is equivalent to asset protection. Just as with capital protection in trading using risk management, the highest level of asset protection comes from securing your account.
Here’s the summary:
Secure your account with a second layer of protection using authentication apps.
Add a phishing-resistant code to identify legitimate emails and avoid scams.
Review unauthorized devices and remove them to ensure that only you can access your account.
Create passwords that contain a mix of letters, numbers, and symbols to enhance security.
Limit withdrawals to verified addresses for added protection.
SAFU is an acronym for "Secure Asset Fund for Users", a safety net created by the Binance platform to protect users' funds in emergencies, such as hacks or security breaches. You can think of it as an emergency piggy bank in the world of cryptocurrency. The funny thing? This term didn't originate from a board meeting, but from a meme. In 2018, Changpeng Zhao (CZ), the then-CEO of Binance, tweeted: "Funds are safe" during maintenance. A YouTube user turned this video into a quickly spreading video titled "Funds are safe". Thus, these memes turned into a movement.
Binance took advantage of the joke and turned it into something serious, enhancing trust while keeping a touch of humor in the cryptocurrency world. Interestingly, Changpeng Zhao adopted the phrase "SAFU" in later social media posts.