Cryptocurrency Markets Soar as Bitcoin Reaches New Heights

Bitget App

Trade smarter

Cointurk2025/05/22 14:24

By:İlayda Peker

In Brief Bitcoin's dominance stabilizes, sparking altcoin season speculation. Institutional demand and favorable policies boost cryptocurrency market. Altcoin season indicators show potential conditions for significant growth.

In the final days of May, the cryptocurrency market has made a strong entry, fueled by significant institutional demand, favorable regulatory news, and optimistic political developments. Bitcoin $111,059 has reached a new all-time high at $111,861.22, while the total market capitalization has increased by 3.56% to $3.51 trillion. The 24-hour trading volume has surged by over 62%, surpassing $192.3 billion. As Bitcoin’s dominance hovers around 63%, altcoin investors are eyeing a new altcoin season.

Bitcoin’s Steady Dominance

Bitcoin is currently priced at $111,486.13, experiencing an 8.34% increase in value within the day. The trading volume has spiked by 82.64% to $89.74 billion, showcasing heightened investor interest. Despite this, Bitcoin’s dominance (BTC.D) in the market has remained flat over the last 30 days, stabilizing at 63.90%. Technical analysis reveals that BTC.D has broken below its ascending wedge formation, hinting at a potential altcoin season.

The market’s upward trajectory was ignited by positive remarks from U.S. President Donald Trump following a gala dinner, JPMorgan’s interest in Bitcoin options, and developments like the GENIUS Act in the U.S. Senate. Moreover, spot Bitcoin ETFs have acquired 3,120 BTC in recent days, indicating strong institutional confidence in the market. For altcoins to take the stage, Bitcoin needs to maintain its stable or steady upward movement.

Is an Altcoin Season Approaching?

CoinMarketCap’s Altcoin Season Index currently stands at 24 out of 100, indicating that an altcoin season has not yet commenced but is beginning to form. Historically, when Bitcoin exceeded its all-time high by more than 10%, altcoins have surged between 50% and 200% within 2–4 weeks. Analysts suggest a similar scenario might unfold now.

Critical thresholds must be observed for a technical start to the altcoin season. If BTC.D falls below 61.94%, it will be considered an initial signal. A descent below 60.24% will confirm the start of the altcoin season. During this period, it’s crucial for Bitcoin’s price to remain stable to ensure overall market confidence.

Analysts like CryptoBusy advise investors to look into high-quality altcoins that have yet to make significant leaps. A potential 200% increase in altcoin prices is anticipated in the next 2 to 4 weeks.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Nexchain has emerged as a standout contender, raising $2.6 million in its crypto presale thanks to its bold integration of AI and blockchain infrastructure. The project is rapidly advancing through its presale stages, with the listing price set at $0.3, providing an expected ROI of 600% for investors who buy right nowNexchain Crypto Presale Crosses $2.6M: Features And Presale TermsWhy Nexchain Is Attracting Investor AttentionThe Final Word

Coinomedia•2025/05/22 20:56

Nexchain Raises $2.6M in Presale As the Altcoin Market Starts Pumping Again

Whales Flock to BTFD as Floki Profits Resurface—Best New Meme Coin to Join This Week Before 8900% Spike!The Countdown Has BegunFind Out More:

There are just 5 days left to be part of 2025’s most electric meme coin presale. May 26 is your last chance to scoop tokens before BTFD hits the open market at $0.0006 on May 27. Once Stage 16 kicks in, that bonus is gone. Forever.BTFD Coin (BTFD) – Game On, Bulls!Floki Inu (FLOKI) – The One You Regret Missing

Coinomedia•2025/05/22 20:56