The total altcoin market cap currently stands at $1.16 trillion, reflecting a decline of 23.63% from this year’s peak. Meanwhile, the Altcoin Season Index sits at just 29, signaling that Bitcoin continues to dominate the market.
Yet, according to top crypto analyst Michael van de Poppe, altcoins may be on the verge of a major breakout.
At the start of 2025, the altcoin market cap was around $1.34 trillion. It reached a peak of $1.51 trillion on January 17, before declining 42.12% by April 8. Despite recovering by 43.6% between April 9 and May 13, the market hasn’t fully bounced back.
Since May 8, the market has moved sideways, ranging between $1.01 trillion and $1.26 trillion, indicating consolidation and potential buildup for the next move.
The Altcoin Season Index helps identify whether it’s currently Altcoin season or Bitcoin season. According to the index:
Currently, only 29 coins out of the top 100 have outperformed Bitcoin over the last 30 days. That confirms we’re in a Bitcoin season, not altcoin season—yet.
Bitcoin has surged 36.65% in the last 30 days, dominating the market. Some top-performing altcoins in the same timeframe include:
In a recent post on X, Michael van de Poppe pointed out that the Altcoin Season Index typically bottoms out in June, historically signaling the start of strong altcoin performance in the second half of the year
“We’re still in the middle of the crypto bull market, and with Quantitative Easing expected to ease, the macro environment looks favorable for altcoins to rally again,” Poppe explained.
Poppe also compared the current setup with the Q4 2023 altcoin rally. Back then, the market cap rose from $120.7 billion to $213.43 billion, marking a 76.85% increase.
If history repeats, Poppe suggests we could witness another 76% or higher surge in the upcoming altcoin season.
Altcoin Season, or Altseason, is a period when cryptocurrencies other than Bitcoin (altcoins) significantly outperform Bitcoin in price growth. This typically occurs as capital rotates from a consolidating Bitcoin into altcoins, leading to rapid and substantial gains across a wide range of alternative cryptocurrencies.
The Altcoin Season Index is a metric that determines if it’s “Altcoin Season” or “Bitcoin Season” by comparing the performance of the top 100 altcoins against Bitcoin over the last 90 days. A score above 75 indicates Altcoin Season, while a score below 25 (currently around 27) signals Bitcoin Season, meaning Bitcoin is dominating the market.
As of July 7, 2025, the crypto market is showing mixed to slightly positive movements. Bitcoin is trading around $109,000, with slight gains. The total crypto market capitalization is growing, with a slight increase over the last week, though altcoin performance is mixed, with some gaining and others declining.
Altcoins showing strong recent activity include Dogecoin, Solana, XRP, and TRON. Broader trends indicate that meme coins (such as SYRUP, PENGU, HYPE, and WIF) and specific Layer 1s (such as AAVE, VIRTUAL, and SPX) have also seen significant gains over the past 30 days.
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