Key factors:
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Bitcoin remains to be failing to rechallenge current all-time highs, resulting in doubts over future BTC value energy.
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A deeper rebound might rescue the state of affairs, says evaluation, as altcoins steal the limelight.
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XRP now has a bigger market cap than McDonald’s.
Bitcoin (BTC) stayed locked under $120,000 at Monday’s Wall Avenue open as bull market warnings accelerated.
Bitcoin ignites issues over bull run’s future
Knowledge from Cointelegraph Markets Professional and TradingView confirmed rangebound BTC value motion giving method to surging altcoins.
Among the many day’s prime performers have been Solana (SOL) and Dogecoin (DOGE), each of which circled 10% positive factors over 24 hours.
With Bitcoin’s dominance of the full crypto market cap falling, market members keenly eyed a full-on “altseason.”
Keith Alan, co-founder of buying and selling useful resource Materials Indicators, was amongst these stressing capital rotation out of BTC and into altcoins.
“This chart illustrates the rotation from $BTC and Stables into Alts,” he advised followers on X.
“If TOTAL3ES continues on this trajectory and takes out the prior excessive, we might see a $1T market cap on the Prime 100 Altcoins (excluding $ETH and Stables.”
Materials Indicators nonetheless saved the door open for a BTC value rebound — particularly if BTC/USD have been to fall additional towards a key pattern line round $110,000, its prior all-time excessive.
“Maybe the one factor that may very well be more healthy for $BTC than consolidating on this vary could be a help check to the pattern line,” it argued.
“If we’re fortunate sufficient to get that transfer, it might validate foundational help for the subsequent leg up. It additionally may set off a rotation from Alts again into Bitcoin and mark the highest of the Alt rally.”
Much less optimistic on Bitcoin’s future was in style dealer Roman.
Analyzing the weekly chart, Roman warned of “exhaustion” creeping in throughout value indicators, notably the relative energy index (RSI) and transferring common convergence/divergence (MACD).
“Huge bear divs on RSI/MACD and pretty regarding low quantity at ATHs,” a part of an X put up on the day learn.
“$BTC.D dumping & $alts operating which additional proves liquidity is rotating – ending the bull run. Purchase $alts whilst you can. $BTC is probably going near over.”
XRP scores with McDonald’s market cap win
Altseason nonetheless continued to take middle stage as TradFi markets returned.
Associated: ‘Altseason is right here’ — 5 issues to know in Bitcoin this week
Among the many headlines was information that XRP (XRP) had surpassed the market cap of McDonald’s, constructing on energy all through the week prior.
🚨 BREAKING: $XRP surpasses McDonald’s in market cap, turning into extra invaluable than the worldwide fast-food large. pic.twitter.com/Uj2e7HdveB
— Cointelegraph (@Cointelegraph) July 21, 2025
“Is altcoin season lastly upon us?” buying and selling agency QCP Capital queried in its newest bulletin despatched to Telegram channel subscribers.
“With altcoin season indexes crossing above 50 throughout main sources, the very best since final December, the info actually suggests so.”
QCP flagged Bitcoin dominance giving method to Ether (ETH) as an essential inflection level.
“BTC dominance has slipped from 64% to 60% over the previous week because it struggles to reclaim 121k, whereas ETH’s market share has climbed from 9.7% to 11.6%,” it noticed.
“If the pattern holds, the subsequent leg of altcoin season could already be in movement.”
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call.
