- BTC’s market dominance has dropped below 63%, suggesting a shift in capital flow toward Ethereum and altcoins.
- ETH breaks above $3,400 with an 8.7% gain, reflecting strong investor interest amid Bitcoin’s price stagnation.
- Memecoins and other altcoins are rallying as retail engagement returns and BTC dominance breaks a key wedge pattern.
Bitcoin’s dominance over the cryptocurrency market has fallen below 63% for the first time in over a month, signaling a potential shift in capital flows toward altcoins. In the meantime, Ethereum surpassed $3,400, and other altcoins like meme tokens are gaining speed. The overall direction shows a shift in market dynamics after nearly two weeks of steady uptrend in major assets.
The Crypto Fear & Greed Index has also shifted to 73, reflecting growing optimism among retail investors. While Bitcoin itself has remained largely flat, its weakening dominance points to a more active altcoin environment.
During this time, retail interest has shown signs of recovery after a quiet period. The combination of rising altcoin prices and improved market sentiment suggests renewed engagement from individual participants. Activity across online channels appears to be increasing, as market participants shift attention beyond Bitcoin’s consolidation.
Ethereum Gains as Bitcoin Dominance Slips
Ethereum is trading above $3,443.60, showing a 8.7% upward movement as Bitcoin holds near its current level of $118,282. Over the past 24 hours, BTC has shown no significant change in price. It remains within a narrow trading range between $117,899 and $120,008. Despite a lack of price action for BTC, Ethereum’s advance above $3,400 adds to the broader market’s upward momentum.
This price action coincides with a drop in Bitcoin dominance. As BTC’s market share dips, funds appear to be rotating into other assets. Ethereum’s recent climb may partly reflect this shift in capital flows, while other altcoins are also showing rising price patterns.
Altcoin Momentum Builds as Bitcoin Dominance Breaks Down
Following Ethereum’s lead, several altcoins and memecoins are posting gains. These assets are trending higher alongside ETH’s breakout. Although Bitcoin remains the market’s anchor, capital appears to be flowing into smaller-cap tokens.
This altcoin movement comes amid growing retail attention. Online communities are again becoming active after weeks of low engagement. Group chats are showing higher participation as traders discuss market developments. As attention moves away from large-cap consolidation, the increased interest in meme coins and alternative tokens continues to build.
According to analyst Cipher2X, Bitcoin dominance has sharply dropped from 66.42% to 63.14%, breaking a rising wedge pattern. This shift often precedes major altcoin rallies. Ethereum is rotating strongly, while altcoins are gaining traction across the board. The decline in BTC dominance creates more upside room for alternative assets, indicating the early stages of what could be a full-scale altseason.
