logo

Altcoin Season Picks Up Steam, But This Bitcoin Maxi Isn’t Convinced

By: bitcoin ethereum news|2025/05/12 16:45:04
0
Share
copy
Altcoins have staged a strong comeback last week, led by Ethereum’s 40% weekly gains, as market analysts are predicting a full-blown alt season ahead. Furthermore, Bitcoin price has also continued to inch higher to $105,000 as US-China trade deal talks move in a positive direction. Altcoin Market Cap Needs This Weekly Close For Strong Rally Renowned cryptocurrency analyst Rekt Capital has shared a bullish outlook for the altcoin market. He stated that if the total market cap (excluding top ten alts) closes above $250 billion, it would likely pave the way for a breakout rally to at least $315 billion. The analyst also noted that such a weekly close would confirm a bottom for altcoins and mark the end of the current market correction at -61%. Analyst Rekt Capital further stated that this correction is notably shallower than previous market retracements of -69% and -85%, suggesting increasing resilience in the altcoin market. Furthermore, the analyst highlighted that the $425 billion resistance level appears to be weakening as a rejection point. A future revisit could significantly increase the likelihood of breaking past this critical level. Crypto analyst Merlijn The Trader has issued a sharp reminder to investors amid growing anticipation of an altseason. The analyst highlighted a noticeable decline in Bitcoin dominance, a key metric that often signals capital rotation into altcoins. The analyst further emphasized the importance of timing in such market cycles, cautioning traders to “rotate early or risk buying the top” as altseason gains traction. Furthermore, the positive development in US-China trade talks could serve as a catalyst for a major crypto market rally ahead. Willy Woo Takes Contra Bet, Expects Bitcoin Dominance to Exceed 90% Prominent on-chain analyst Willy Woo has shared his vision for the long-term trajectory of Bitcoin and alts. Citing a Grok 3 analyst, Woo stated that the altcoin market cap is expected to top $10.5 trillion by 2030, on the other hand, Bitcoin dominance will rise to 90%. Woo predicts a market cap exceeding $100 trillion for Bitcoin, dwarfing the projected $10.5 trillion for alt. “Crypto venture capital as we know it will fade,” Woo noted, highlighting a shift in focus towards BTC. As we know, even big corporate players have been aggressively buying Bitcoins, and prefer them over alts. Corporate players like Metaplanet are building Bitcoin reserves at an aggressive pace. ✓ Share: Bhushan Akolkar Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/altcoin-season-picks-up-steam-but-this-bitcoin-maxi-isnt-convinced/

You may also like

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Popular coins

Latest Crypto News

Read more