Close Menu
Global News HQ
    What's Hot

    Moisés Nieto Spain Fall 2025 Collection

    June 2, 2025

    Small Business Breakdown: Could 20% of Jobs Be Gone in 5 Years

    June 2, 2025

    China accuses US of ‘severely violating’ trade truce

    June 2, 2025
    Recent Posts
    • Moisés Nieto Spain Fall 2025 Collection
    • Small Business Breakdown: Could 20% of Jobs Be Gone in 5 Years
    • China accuses US of ‘severely violating’ trade truce
    • Etsy Sellers Feel Caught Between Dropshippers and Enforcers
    • Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Moisés Nieto Spain Fall 2025 Collection
    • Small Business Breakdown: Could 20% of Jobs Be Gone in 5 Years
    • China accuses US of ‘severely violating’ trade truce
    • Etsy Sellers Feel Caught Between Dropshippers and Enforcers
    • Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report
    • How to watch Cruz Azul vs. Vancouver Whitecaps online for free
    • To survive Trump’s tariffs, small businesses need a Marshall Plan
    • The Pinot Noir Maestro Who Turned His Side Hustle Into Incredible Wine
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Altcoins Season: Recent Crypto Dip Shows Decline May Be Over
    Cryptocurrency & Blockchain

    Altcoins Season: Recent Crypto Dip Shows Decline May Be Over

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Altcoins Season: Recent Crypto Dip Shows Decline May Be Over
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Este artículo también está disponible en español.

    Altcoins are showing signs of strength as the cryptocurrency market begins to recover from a significant correction in February. This rebound has pushed the total crypto market cap upward after bouncing off the $3 trillion mark on February 2.

    Related Reading

    Notwithstanding, this correction saw the altcoin market cap dip massively after a rejection at $425 billion. However, a key observation from crypto analyst Rekt Capital noted that despite the rejection from this significant resistance level, the pullback in altcoin market capitalization is much shallower than in previous downturns. This observation shows that the bulls might be slowly taking charge among altcoins.

    Altcoins: Market Cap Faces Rejection At $425 Billion, But Altcoins Gain Strength

    Rekt Capital’s technical analysis underscores the importance of the $425 billion resistance level for the altcoin market, particularly focusing on the total market capitalization of altcoins outside the top 10. This analysis comes amid a broader downturn in the altcoin sector over the past week, which is a continuation of a longer correction that began in early January when the market cap peaked at a multi-year high of approximately $440 billion.

    Despite facing strong rejection at this key level, the depth of the latest retracement remains notably shallower than previous corrections. The current pullback measures around 50% from the $425 billion resistance, whereas the last two significant downturns saw steeper declines of 69% and 85%. This milder retracement is a change that could influence the trajectory of the altcoin market.

    A key takeaway from this trend is the apparent weakening of resistance at $425 billion, which indicates that bearish momentum after the retracement across the altcoin market isn’t as strong as it was in the previous cycles. Unlike previous cycles, where heavy selling led to deeper drawdowns, the current price action signals growing market resilience.

    Crypto market cap excluding BTC and ETH, currently at $859 billion. Chart: TradingView

    What Does This Mean For An Altcoin Season?

    Rekt Capital’s analysis aligns with the expectations of investors eagerly anticipating the arrival of the altcoin season. The relatively shallow pullback from the $425 billion resistance level strengthens the argument that this altcoin season could unfold better than in the past two cycles.

    Crypto analysts like Rekt Capital are fervently anticipating an altcoin season to roll into action, where profits in Bitcoin starts rolling into altcoins and the altcoin market outperforms Bitcoin.

    In another analysis, Rekt Capital noted a recent rejection of the Bitcoin dominance around 64%. However, he did note that history shows that rejections around 64% are mostly momentarily, and the real rejection is around 71%. When the Bitcoin dominance reaches here, a repeat of history could see it reject very harshly into a cycle-defining altseason. 

    Related Reading

    For now, Bitcoin dominance remains strong, and a full-fledged altcoin season has yet to materialize. Analysts like Benjamin Cowen suggest that the anticipated altcoin rally may be on pause, with Bitcoin continuing to absorb the majority of market liquidity. Until dominance shows a clearer reversal, altcoin investors may have to wait a little longer. 

    Featured image from Pexels, chart from TradingView



    Source link

    altcoin news Altcoin Season altcoins bitcoin dominance cryptocurrency
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleStillfront Group AB (STLFF) Q4 2024 Earnings Call Transcript
    Next Article Morgan Stanley cedes title of chief Goldman Sachs rival

    Related Posts

    Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report

    June 2, 2025

    Bitcoin Maxi Max Keiser Isn’t Buying The Hype Around New Crypto Holding Companies

    June 1, 2025

    Hyperliquid Bitcoin whale loses $100 million as BTC price falls below $105K

    June 1, 2025

    France charges 25 over crypto kidnapping spree in Paris

    June 1, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Luxury Goods & Services
    1 Min Read

    Moisés Nieto Spain Fall 2025 Collection

    This season, Moisés Nieto celebrated the 15th anniversary of his brand, but instead of a…

    Small Business Breakdown: Could 20% of Jobs Be Gone in 5 Years

    June 2, 2025

    China accuses US of ‘severely violating’ trade truce

    June 2, 2025

    Etsy Sellers Feel Caught Between Dropshippers and Enforcers

    June 2, 2025
    Top
    Luxury Goods & Services
    1 Min Read

    Moisés Nieto Spain Fall 2025 Collection

    This season, Moisés Nieto celebrated the 15th anniversary of his brand, but instead of a…

    Small Business Breakdown: Could 20% of Jobs Be Gone in 5 Years

    June 2, 2025

    China accuses US of ‘severely violating’ trade truce

    June 2, 2025
    Our Picks
    Luxury Goods & Services
    1 Min Read

    Moisés Nieto Spain Fall 2025 Collection

    This season, Moisés Nieto celebrated the 15th anniversary of his brand, but instead of a…

    Business & Entrepreneurship
    5 Mins Read

    Small Business Breakdown: Could 20% of Jobs Be Gone in 5 Years

    On the Small Biz Breakdown this week, our full panel is back and they’re talking…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version