Bitcoin is sparking again, with a spectacular rise after the US elections. But what about altcoins? These alternative cryptos, often relegated to the background, are attracting renewed attention. As BTC loses ground in terms of dominance, historical signals seem to point to a possible “altseason”. Let's decipher together this potential shift which is driving traders and shaking up the crypto market.
Bitcoin dominance in free fall: An altseason like never before?
Latest news Bitcoin, the undeniable star of the blockchain, shone again, recording an increase of 9% in one week. However, this figure pales in comparison to theimpressive 17% green candle observed five days after the elections.
At the time, the victory of a pro-crypto campcombining favorable regulation and institutional support, has instilled new optimism.
THE peak of bitcoin dominancewhich reached 62% on November 21recalled the glorious days of March 2021. But this supremacy is fading: in 48 hours, its market share is falling to 59%.
This ebb opens the door to altcoins, which benefit from the wake left by the giant.
Elon Musk, Larry Fink and even Donald Trump are proving to be strong allies, bringing legitimacy to the ecosystem. Traders are now watching a marked transition : that of the rise of altcoins, aka “altcoin season”.
Key figures:
- Bitcoin: +9% over one week;
- Maximum dominance: 62%, down to 59%;
- Altcoins in the lead: Stellar (XLM), Ripple (XRP), VeChain (VET), Polkadot (DOT).
Altseason: a turning point for alternative cryptos
While bitcoin delays, altcoins shine. Stellar, Ripple, and others explode the counters, fueling speculation on an imminent “altseason”. As noted by the famous analyst MegaWhale Crypto : “ Altseason likely starts today. »
This key moment, well known to traders, is often preceded by a notable drop in BTC dominance.
Altcoins are not just clones: they bring innovative solutions to Web3. Secured by advanced cryptographic techniques, they are essential in various sectorsfrom decentralized storage to decentralized finance (DeFi).
This dynamic is reminiscent of the 2020 bitcoin season, where a similar shift propelled altcoins to the forefront.
Thus, Hashkely Capital experts believe that the $80,000 threshold for bitcoin could be the trigger for this long-awaited altseason. However, the delays observed after the American elections have muddied the waters. If BTC flirts with this critical bar, it remains to be seen whether altcoins will be able to transform the test and seize the light.
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