The crypto market rose 3.5% to around $2.26 trillion, with Bitcoin, Ethereum, XRP, and Solana posting gains between 3% and 8%. Bitcoin is near $65,600 after bouncing from recent lows near $62,000, and the RSI moved out of oversold territory, signaling a stabilization after heavy selling. Ethereum advanced more than 5.8%, XRP gained about 4%, and Solana rose over 8.5%.
Bitcoin dominance hovered around 58.42% as charts showed a break below a long-term rising support line that had held since 2024. This breakdown suggests capital is shifting into altcoins, with dominance likely to slip toward the 54% zone, a sign of potential altcoin strength. Altcoins are rising faster than Bitcoin, with Cardano, LINK, AVAX, and LTC up about 5–9%, and smaller coins like VIRTUAL, MORPHO, and ETHFI gaining more than 10%.
The Altcoin Season Index has climbed to 45, its highest level since January, indicating growing momentum even as the market remains in an early stage of a bigger move. If Bitcoin dominance continues to fall and price remains above $64,000, the market could extend its upside and lift altcoins. The next weeks will be crucial to confirm whether the market is entering a full altcoin rally phase, with Bitcoin stability and continued dominance decline required for a sustained breakout.
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