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- Nidhi Kolhapur
Nidhi Kolhapur
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
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Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 21, 2025 08:36 UTC
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Altcoins Heat Up as Bitcoin Cools, But Is the Rally Ending Soon?
Altcoins surge as Bitcoin dominance drops to 61%. ETH leads the rally, with DOGE up 32% this week and TOTAL2 nearing a breakout.
Analysts see possible short-term altcoin pullback, but expect a broader bullish trend. ETH over $4K could spark major gains.
Bitcoin is holding steady around $119,366 today with little movement, but altcoins have been stealing the show. Ethereum, XRP, Solana, Dogecoin, and Cardano are all seeing solid gains between 3–8%.
Altcoin Season Index At 51
In just a few days, the Altcoin Season Index has risen from 39 to 51. Although a full-blown altcoin season is still far away ( above 75), the market is showing early signs of strength. ETH jumped to $3,793, its highest since early 2022. DOGE has stolen the show with a 9% surge and is up 32% on the week.
The CMC Altcoin Index is currently at 56. Coinglass notes that the Altcoin Season Index is climbing quickly, but so far, only a few altcoins are showing strong gains. If Ethereum breaks above $4,000, then it could trigger a major surge across the altcoin market.
According to analyst Michael Van De Poppe, the current price action suggests the market may be slightly overextended in the short term, which could lead to a swift and sharp correction. However, this would likely be a healthy pullback within a broader bullish trend. Overall, the next six months will be massively bullish for altcoins.
Meanwhile, Bitcoin’s dominance has dropped sharply, down 5.8% in a week to just under 61%, its lowest level since March. This shift shows that traders are moving away from BTC and into altcoins. Altcoins, with ETH at the forefront, have taken the lead in the latest market rally.
TOTAL2 Nears Major Breakout
Analyst Moustache is pointing out that the TOTAL2 chart (which tracks the altcoin market cap) is about to break above a trendline that’s held for 8 years. If the 2-week candle closes above this line, it could signal the start of a strong altcoin bull run.
Altcoin Rally Could End by Late August?
However, expert Benjamin Cowen says that altcoins may be losing steam, with ALT/ETH pairs down 40% since April. While some altcoins are up against BTC, it’s mostly due to Ethereum’s strength, not broad market momentum.
He warns the altcoin rally could peak by late August, with Bitcoin dominance likely rising again in September or October. For now, ETH remains the stronger performer.
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FAQs
The Altcoin Season Index has risen from 39 to 51, indicating early signs of strength, though a full-blown altcoin season (above 75) is still distant.
Bitcoin’s dominance has dropped by 5.8% in a week to under 61%, its lowest since March, signaling traders are rotating capital from BTC into altcoins, with ETH leading.
Expert Benjamin Cowen warns the altcoin rally may peak by late August, with Bitcoin dominance potentially rising again in September or October, especially as ALT/ETH pairs have been declining.
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