- BTC dominance lingers at a frankly immodest elevation, littering the road to Altcoin Utopia with banana skins.
- However, the great 2025 altcoin fire sale at least had the decency to end at the reliably dismal 2024 support level.
Bitcoin’s regal market dominance (BTC.D) went on an elegant rampage in 2025, dashing the hopes of altcoin partisans and relegating them back to their Telegram echo chambers.
Alas, from January to April, this imperial force managed to bloat itself by a rather gaudy 13%. The altcoin market shriveled like last week’s champagne, plummeting from $1.13 trillion to a rather less festive $817 billion. That’s a $300 billion vanishing act—no volunteers, just vanished capital and forlorn meme coins.
Another Altcoin Renaissance… or Just a Mirage?
When BTC.D rises, the money flees altcoins faster than debutantes from last season’s ruffled collars. Gigantic alt rallies, the sort one toasts over canapés, only parade through town when BTC.D is in decline. (A fact so obvious, even one’s butler has noticed.)
BTC.D, perched about 64%—with all the subtlety of a banker at Ascot—might nudge higher to a seat of 66% or even 70%, as it did in 2021’s ill-fated ball. Despite this, 2025’s altcoin dumping appears to have collapsed into a respectable heap at $750 billion.
For those allergic to the top 10 crypto names that haunt the drawing rooms, the altcoin rabble produced a bottom pattern as well.
One gazes at those charts and finds, in the unruly universe beneath the blue-chip darlings, a rather stoic rebound at the $200 billion mark—a foundation sturdy only in that it refuses to sink further. (Emphasis in cyan for the fashion-conscious.)
Peer closer at the late 2024 period (helpfully ringed in white, in case your monocle slips): the altcoin market dithers between 50WMA and 200WMA, undecided as a dinner guest before the port arrives. The November rally, naturally, only arrived after this tiresome hand-wringing subsided.
If this script replays itself, expect drama should the sector breach that 50WMA—possibly catapulting the congregation straight to the grand, echoey halls of $500 billion resistance.
Presently, this sub-segment is up 33%. Apparently, some altcoins still have a pulse.
Meanwhile, stablecoin enthusiasts may want to put away the smelling salts: the once mighty USDT.D sunk below 6%, freeing up traders to chase “hidden gems” with the verve of toddlers at an Easter egg hunt. 🥚
Still, the world remains enthralled by BTC. The so-called altcoin season index (ASI), concocted by someone with no fear of ridicule, stands at 18. This means BTC pummeled altcoins for the last 90 days, in a show of dominance not seen since the British Raj.
A mere handful of eccentrics outperformed BTC: Fartcoin [FARTCOIN] (yes, with a straight face), PancakeSwap [CAKE], and Monero [XMR]. These oddities rose by 8%, 2.8%, and 19% respectively—while BTC, in a fit of ennui, dropped by 10%.
To tie a bow on this melodrama: the altcoin debacle seems to have run its course, with all the dignity of a spoiled picnic. A sector-wide revival might—just might—occur, but only if BTC.D loses its kingly airs and descends from the throne for a nap.
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2025-05-01 00:14