Bitcoin’s Dominance Soars, Experts Can’t Agree If Altcoins Are Going Anywhere!

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Oh, look at that. Bitcoin‘s market dominance is now sitting at a comfy 64%. That’s the highest it’s been in, wait for it… FOUR YEARS. Not bad, huh?

But here’s the twist: Experts are basically having a family feud over this. Some are saying, “Altcoins, prepare for your time in the sun!” and others are like, “Nope, Bitcoin’s just flexing its muscles while altcoins get no love.”

So, What Does This Mean for Bitcoin’s Big 64% Dominance?

Alright, here’s a quick rundown for those of you who don’t live and breathe crypto. Bitcoin dominance (BTC.D) is the percentage of the total market that’s made up of Bitcoin. Think of it like the bully on the playground. When it’s high, Bitcoin’s throwing its weight around, and altcoins? Well, they’re kind of just hanging out in the background.

Bitcoin’s dominance has been creeping up since late 2022, and now it’s hit 64%. The last time we saw this level, people were still thinking 2020 was the year of the altcoin!

And here’s Benjamin Cowen, dropping a knowledge bomb: “Forget stablecoins for a second, and Bitcoin dominance is at 69%. Yes, you heard that right.” Fancy, right? Just imagine what could happen if the stablecoins weren’t even in the picture.

“Excluding stablecoins, Bitcoin dominance is now at 69%,” Cowen said. He’s got that number locked down, folks.

Now, this is where things get juicy. Cowen thinks we’re going to see a little dip in altcoins before anything exciting happens. Maybe altcoin season is still just a fairy tale for now.

“I think ALT/BTC pairs need to go down before they can go up,” he says. Alright, Benjamin, no need to rub it in. We get it.

On the other hand, there’s Nordin from Nour Group, being the party pooper. He’s like, “Hey, we saw this dominance at the height of the 2020 bear market, and guess what? It wasn’t good for the altcoins then either!”

“This isn’t just a BTC move. Its capital rotating out of alts,” Nordin says. Yeah, great. Thanks for the buzzkill, Nordin.

He even warns that if Bitcoin dominance hits above 66%, altcoins are going to feel the heat. So, don’t expect an altcoin fiesta anytime soon. Who knew crypto could be such a drama-filled reality show?

“Bitcoin dominance back to 64%. No Alt seasons in 2024 or 2025,” Alessandro Ottaviani, the analyst with the doom and gloom forecast, says. Well, that’s cheerful.

But wait—there’s a twist. Mister Crypto, the optimist in the group, thinks Bitcoin might start losing its grip soon. If Bitcoin follows this long-term descending triangle pattern, the altcoins might get their shot at a comeback. But not until after the drama plays out, obviously.

Another analyst is playing the “maybe, maybe not” game, suggesting that Bitcoin dominance is testing some resistance right now. So, hold your horses. If it retraces, we might see a little altcoin action. If not, well, it’s back to square one with Bitcoin ruling the crypto world.

“However, a breakout from this zone could mean further declines for alts,” the analyst says. Oh, come on. Can we catch a break here?

And then there’s Junaid Dar from Bitwardinvest. The guy who’s still holding onto hope. He thinks that if Bitcoin dominance dips below 63.45%, altcoins could finally get their shot to shine. But right now, he’s not holding his breath.

“For now, alts are stuck. Just a matter of time,” Dar adds. Oh, sure. Just a little more time. We’ve heard that one before.

Tether Dominance: The Subtle Hint of Altcoin Season?

Meanwhile, some analysts are peeking at Tether dominance (USDT.D) and whispering, “Hey, maybe, just maybe, altcoin season could be on the horizon!” Apparently, USDT.D is at a resistance zone, which could signal that some capital might be looking to leave stablecoins and start flirting with altcoins.

“The USDT.D is in a rejection zone, as long as it doesn’t close above 6.75%, it will be favorable for the market,” a technical analyst said. Sure, why not? Let’s toss a number out there and see what happens.

And Doğu Tekinoğlu seems to agree, looking at the combined charts and giving the green light for potential altcoin action. Maybe. Possibly. Could be.

So, with Bitcoin dominating the market and everyone watching for signals from stablecoins, the million-dollar question remains: Will altcoins make a comeback, or will Bitcoin continue to reign supreme? At this point, it’s anyone’s guess. But hey, it’s fun to watch, right?

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2025-04-18 20:28