Bitcoin News Today: Altcoin Resurgence Sparks Speculation of Emerging Altseason as Bitcoin Dominance Falls

The Altcoin/BTC ratio has recently broken through a four-year RSI downtrend and a three-year price downtrend, sparking renewed speculation about an emerging altseason—a period in which altcoins outperform Bitcoin [1]. This technical breakout is seen as a potential early signal of shifting capital flows from Bitcoin into the broader crypto market [1]. Traders and analysts are closely watching whether the momentum can be sustained, with a focus on continued RSI strength, higher highs on the Altcoin/BTC chart, and increased volume in top altcoins [1].

Ethereum has emerged as a key player in this potential shift, with the ETH/BTC ratio showing a marked increase, signaling growing strength relative to Bitcoin [2]. In the past 24 hours, Ethereum surged 20%, reclaiming key exponential moving averages (EMAs) and rekindling bullish sentiment [2]. Some analysts, like Tom Lee of Fundstrat, have forecast that Ethereum could reach $16,000 if it mirrors its 2017 price trajectory [7].

Other altcoins are also drawing attention. Solana is predicted to rise above $290, and Cardano is expected to hit $6 [4]. BNB has already gained 3%, supported by a Paxos settlement with New York, which reduced regulatory uncertainty [9]. Meanwhile, XRP climbed 3% after the launch of custodial services for Korean institutions, further reflecting growing institutional interest in altcoins [10].

Bitcoin’s dominance has dipped by approximately 4%, indicating a shift in investor focus toward altcoins [5]. While Bitcoin ETFs have seen major outflows, Ether ETFs ended a 20-day winning streak [6]. Despite Bitcoin’s short-term volatility, some analysts remain optimistic about a potential rebound in the fourth quarter [12]. However, Bitcoin’s recent price action has not dampened altcoin enthusiasm, and the broader crypto market has hit a record high in total market capitalization [3].

The altcoin resurgence is not only driven by price movements but also by a behavioral shift in investor sentiment. More capital is flowing into alternative layer-1 blockchains, DeFi tokens, and other innovative projects [2]. Metrics such as the ETH/BTC ratio and Bitcoin’s declining dominance are widely viewed as indicators of an altseason [2]. However, while forecasts are optimistic, they remain speculative, and actual outcomes will depend on sustained follow-through in price and volume [7].

Source: [1] https://coinmarketcap.com/community/articles/68977fb29fa87c6d6616fae2/ [2] https://www.mitrade.com/insights/news/live-news/article-3-1024111-20250808 [4] https://coinnews.com/ [5] https://coindcx.com/blog/crypto-deep-dives/crypto-bull-run-2025/ [6] https://coinnews.com/ [7] https://coinnews.com/ [9] https://coinnews.com/ [10] https://coinnews.com/ [12] https://www.instagram.com/p/DNGXzh0Jvdy/