May 2025 brings changes to the cryptocurrency market, focusing on the dominant position of Bitcoin and the expected onset of Altseason.
What is Altseason?
Altseason is the period when 75% of the top 100 cryptocurrencies outperform Bitcoin. Currently, the Altseason index remains below 20, indicating Bitcoin's continuing dominance.
Dominance of Bitcoin and Stablecoins
The dominance of Bitcoin and stablecoins like USDT or USDC sheds light on investor sentiment. Analyst Moustache notes that the current dominance level resembles previous Altseasons, suggesting their approach.
Promising Altcoins
Despite significant movements in Bitcoin, some altcoins, including SEI, JasmyCoin, and others, are showing substantial growth. This may indicate a rising dominance of altcoins in the market.
Current trends suggest the potential onset of Altseason, but further movements in Bitcoin and altcoins will determine the success of this phase in the market.
