Key factors:
-
Bitcoin continues to be failing to rechallenge current all-time highs, resulting in doubts over future BTC value energy.
-
A deeper rebound might rescue the scenario, says evaluation, as altcoins steal the limelight.
-
XRP now has a bigger market cap than McDonald’s.
Bitcoin (BTC) stayed locked under $120,000 at Monday’s Wall Road 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 approach to surging altcoins.
Among the many day’s prime performers had been Solana (SOL) and Dogecoin (DOGE), each of which circled 10% good points over 24 hours.
With Bitcoin’s dominance of the entire crypto market cap falling, market contributors 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 High 100 Altcoins (excluding $ETH and Stables.”
Materials Indicators nonetheless stored the door open for a BTC value rebound — particularly if BTC/USD had been to fall additional towards a key development line round $110,000, its prior all-time excessive.
“Maybe the one factor that may very well be more healthy for $BTC than consolidating on this vary could be a help check to the development line,” it argued.
“If we’re fortunate sufficient to get that transfer, it will validate foundational help for the following leg up. It additionally would possibly set off a rotation from Alts again into Bitcoin and mark the highest of the Alt rally.”
Much less optimistic on Bitcoin’s future was standard dealer Roman.
Analyzing the weekly chart, Roman warned of “exhaustion” creeping in throughout value indicators, notably the relative energy index (RSI) and transferring common convergence/divergence (MACD).
“Massive bear divs on RSI/MACD and pretty regarding low quantity at ATHs,” a part of an X submit on the day learn.
“$BTC.D dumping & $alts working which additional proves liquidity is rotating – ending the bull run. Purchase $alts when 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, changing into extra beneficial than the worldwide fast-food big. 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 approach to Ether (ETH) as an vital 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 development holds, the following leg of altcoin season could already be in movement.”
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
