Bitcoin is once again shaking the market. By crossing the $ 105,000 mark, the emblematic crypto reconnects with levels it had not reached since January. This outbreak, which is accompanied by a rise in power of the main altcoins, relaunches speculation: simple technical rebound or beginning of a new bullish cycle? In a geopolitical context in full change and while investors reconnect with the taste for risk, signals are multiplying … but their interpretation remains uncertain.
In short
- Bitcoin exceeds $ 105,000, bordering on its historic record in a context of euphoria contained.
- Altcoins like Ethereum, XRP and Dogecoin take advantage of the momentum, but the market share of BTC is retreating.
- Despite the positive signals, geopolitical uncertainties and volatility encourage caution.
A dazzling ascent of Bitcoin, but at what price?
Bitcoin exceeded this Sunday the symbolic threshold of $ 105,000, a first since January 2025. An important psychological milestone, which replaces the queen of cryptos at less than 3 % of its historic summit ($ 108,786), reached the day of the inauguration of Donald Trump. This revival of form – +2 % over 24 hours and +25 % over a month – seems to be part of a prudent climate of optimism, favored by the breathlessness of the American trade war.
But beware, the euphoria of the moment could hide a more nuanced reality. Because if the trend is upwards, it is also accompanied by a disturbing phenomenon: the domination of Bitcoin in the crypto ecosystem decreases.
In other words, its market share crumbles as altcoins like Ethereum, XRP or Dogecoin gain ground. For some analysts, this dynamic does not sign the arrival of a sustainable Altcoin Season. It more translates a temporary appetite for risky assets, in a still fragile context.
Short position liquidationswhich exceeded $ 128 million in one day, testify to a brutal market for pessimists. The counter-current traders learned it at their expense: betting against this upward trend can cost very dear.
XRP, Dogecoin and Ethereum: The awakening of the followers?
If BTC attracts light, the spotlights also move to other protagonists. XRP climbs almost 4 %, bordering on $ 2.43, while Ethereum increased by $ 2,563. As for Dogecoin, he leads the dance with an impressive increase of 8 %, reaching $ 0.232.
This renewed interest in altcoins is explained by several factors. First, the classic training effect: when Bitcoin goes up, investors turn to “small” tokens in search of higher yields. Then, increased confidence in the crypto sector as a whole, nourished by a more peaceful geopolitical context, including Trump's decline on certain economic fronts.
But this euphoria could well be ephemeral. Macroeconomic uncertainties, residual geopolitical tensions and the possible rise in volatility could bring investors back to bitcoin, refuge value of the crypto market. In other words, if the winds get up, altcoins could sink again.
Certainly, Bitcoin domination crumbles. But to believe that it announces a sustainable redistribution of cards would be premature. Historically, the phases of Altcoin Season only occur after a sustained accumulation phase and Bitcoin stabilization. However, we are still in full speculative excitement.
Sweat investors know it: when adrenaline rises, crowd movements can create illusions. A quick increase does not guarantee solid consolidation. If the economic or political climate were to be stretched, the market could quickly switch to defensive mode, refocusing the flows towards Bitcoin and leaving the other cryptos on the tile.
Bitcoin flirts with its historic record, and the entire crypto market seems to be carried by a wind of optimism. But the signals remain mixed. Between increase in altcoins and mute tensions, the time is less for celebration than for strategic vigilance.
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