Bitcoin dominance is starting to fade—and the market is paying close attention. As BTC.D breaks below a key support level, analysts are eyeing a potential shift in momentum from Bitcoin to altcoins. For many, this could mark the beginning of a new altcoin season.
Excited? We are too! Dive in.
April kicked off with a total crypto market cap of $2.63 trillion. But the first half of the month brought major volatility.
Between April 5 and 7, the market dropped sharply by 9.8%, hitting a low of $2.31 trillion. It didn’t stay there long—between April 9 and 12, the market bounced back, climbing 11.71%. As of now, total market cap sits at $2.65 trillion, still 5.2% below this month’s high.
Altcoins Follow the Trend
Altcoins mirrored Bitcoin’s moves, but with some promising signs.
The altcoin market started April at $991.26 billion, then dropped to $831.83 billion by April 7. From April 9 to 12, it rebounded 11.6%. Today, the altcoin market cap is around $958.43 billion – about 7.8% below the April peak.
Looking at the four-hour chart, Bitcoin dominance peaked at 63.98% on April 7, meeting strong resistance. It briefly broke above that level on April 16 but quickly fell back. BTC.D now sits at 63.83%.
If this trend continues, Bitcoin dominance could retest the monthly low of 63.16%—a move that could fuel even more optimism around altcoins.
Crypto analyst Crypto Rover shared on X that we may see sharp capital inflows into altcoins soon. Since April 16, the altcoin market has grown by 1.99%. Interestingly, when Bitcoin dropped from $84,936.62 to $84,479.38, the alt market climbed from $947.58 billion to $948.94 billion.
Top altcoins are already showing strength:
As Bitcoin dominance shows signs of weakening and top altcoins begin to climb, traders are watching closely. If this momentum holds, we could be at the start of a strong altcoin cycle.
Momentum is building beneath the surface, and the market may be closer to a full altcoin breakout than it seems.
The Altcoin Season Index measures the performance of altcoins relative to Bitcoin. A low index value, such as 15, can indicate potential for an altcoin rally.
Lower Bitcoin dominance often leads to capital flowing into altcoins, boosting their prices as investors diversify from BTC to major altcoins.
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