Altcoins Soar as Bitcoin Dominance Slides Toward Critical Support

Bitcoin’s dominance is in decline, falling to 52% as Ethereum and major altcoins experience explosive growth. This surge, marked by key technical breakouts, signals a shift in the crypto market with growing capital inflows into alternative assets. Analysts suggest that the market structure may be changing, ushering in what they call ‘Altcoin Season.’ Bitcoin dominance has been steadily declining since reaching its peak of 55% in mid-2024 before entering a downward trend towards 52%. This recent drop creates favorable conditions for altcoins. Several large-cap altcoins have broken above their 200-day moving averages, signaling a positive shift in the market.