- The total crypto market just broke $4 trillion as altcoins gain traction and Bitcoin dominance drops to a five-month low.
- Ethereum is driving altcoin momentum as investors rotate out of Bitcoin and retail interest begins climbing again.
- Technical indicators like RSI and Google searches suggest growing market strength as crypto enters a new bullish phase.
The total crypto market just crossed a new all-time high, soaring above $4 trillion. At the same time, Bitcoin dominance has started to weaken, hinting at the return of altseason. Altcoins are gaining strength while traders rotate out of Bitcoin, and Ethereum is leading the charge. Meanwhile, technical signals are flashing green across the board, and retail interest is picking up.
Source: Titan of Crypto
Crypto experienced a bear market in 2022, dropping from $2 trillion to roughly $745 billion. Between late 2022 and 2024, the market had sideways movement. For nearly two years, prices hovered between $900 billion and $1.5 trillion. But in 2024, things took a different turn. Prices started to rise and overcame resistance levels. The market capitalization has increased by more than five times since then.
Bitcoin Weakens While Altcoins Step In
Bitcoin held strong through early 2025, with its dominance reaching 66%. But in July, this began to change. Data from Swissblock shows BTC dominance dropped sharply to 60%, the lowest in five months. At the same time, altcoin market cap is testing a breakout near $425 billion. This shift suggests traders are now favoring smaller coins over Bitcoin.
Source: Swissblock
Additionally, Ethereum appears to be guiding the altcoin market. Technical indicators show Ethereum’s recent strength is fueling interest across the board. As ETH gains traction, more investors are jumping into altcoins expecting higher returns. Hence, the market has clearly flipped from Bitcoin-led to altcoin-led growth.
Retail Interest and Technical Signals Align
Google search trends confirm growing curiosity. The phrase “buy Bitcoin” has seen a noticeable spike since late 2023. This shift hints that retail traders are waking up again. Historically, search interest has matched previous bull runs.
Source: Bitcoin Archive
Moreover, the RSI just broke a key downtrend line, confirming rising momentum. The overall structure shows strength across all sectors, not just Bitcoin. Hence, momentum is clearly shifting.
