The altcoin market cap has reached a record high for 2025, alongside falling Bitcoin dominance, indicating a potential new altseason.
Altcoin Market Cap Breaks Through Resistance
The total altcoin market cap closed at about $1.12 trillion. Since mid-July, there has been a trend of higher highs and higher lows as the market broke through the $1.04–$1.08 trillion congestion level, signaling stronger demand. The next key resistance is near $1.16 trillion, while support is around $1.08 trillion.
Bitcoin Dominance Slides
Bitcoin's dominance has steadily decreased from around 66% earlier this year to approximately 57.9%. Key support is near 57%, with a stronger floor around 54.5%. A continued decline below 57% would likely boost inflows into altcoins.
Altseason Indicators Reach Year Highs
Data shows that the Blockchain Center’s Altcoin Season Index has hit 78 out of 100. This indicates that a majority of altcoins are outperforming Bitcoin, creating favorable conditions for further growth. Over $130 billion has entered the crypto market in just one day.
The rising altcoin market cap, declining Bitcoin dominance, and favorable macroeconomic conditions suggest a possible altcoin rally toward the end of the year.
