Bitcoin News Today: Altcoins Gain Momentum as Bitcoin Consolidates Below 62% Dominance

Bitcoin’s recent price pullback has sparked renewed interest in altcoins, with several alternative cryptocurrencies showing resilience and potential for recovery. The leading cryptocurrency fell from $120,000 to $113,000 in a short span, raising questions about the broader market's direction. However, Bitcoin’s steady market dominance of around 62% suggests that altcoins may have room to grow if the correction continues [3]. This has led to increased activity in alternative assets such as XRP, Pi Coin, and Shiba Inu (SHIB) as investors seek opportunities amid Bitcoin’s consolidation [5].

XRP is currently trading near the $3 level after slipping from its 20-day moving average of $3.2. If the price holds above $3, it may consolidate between $3 and $3.33 in the coming days. However, a break below this level could push it toward $2.66, signaling a more prolonged downturn [8]. Meanwhile, Pi Coin has fallen below the $0.38 breakout point and is currently near its 20-day average of $0.32. A failure to hold this level could lead to a drop to $0.21, making a rebound to $0.45 more difficult [1]. Shiba Inu has also faced a 27% drop in value, with the price falling to $0.00001179. Immediate support is found at the 50-day moving average of $0.00001016. A recovery here could encourage buyers to push the price toward the 20-day moving average, while a breakdown below this level could see it fall further to $0.000009 [1].

The broader altcoin market has shown signs of strength, with Ethereum (ETH), BNB, and Solana (SOL) recording daily gains as Bitcoin’s onchain activity indicated increased profit-taking by long-term holders [3]. BlockDAG and Bittensor have also attracted attention, with BlockDAG raising over $359 million and reaching a market cap of 24.6 billion BDAG [7]. Analysts have noted that Bitcoin’s recent performance has created a window of opportunity for altcoins, with some suggesting a short-term correction below $88,000 before a potential rebound toward $100,000 [6].

Despite these developments, Bitcoin’s influence over the market remains significant. The crypto Fear & Greed Index has shown signs of cooling as altcoins rally, with Ethereum and other major altcoins experiencing intraday declines. This indicates a shift in trader behavior, as investors look to diversify their holdings [4]. Van de Poppe and other analysts have suggested that altcoins may see increased adoption and capital inflows as Bitcoin stabilizes, reinforcing the idea that the market is transitioning into a more altcoin-friendly phase [5].

However, the sustainability of the current altcoin momentum remains uncertain. While the regulatory landscape appears to be stabilizing—particularly for XRP ahead of a key U.S. crypto policy report—the broader economic conditions and regulatory developments in the coming months will play a critical role in shaping the market [8]. Investors must remain cautious, as the risks associated with altcoin trading remain high, and the potential for sharp corrections persists.

As the market continues to evolve, the performance of XRP, Pi Coin, and Shiba Inu will be closely watched as potential indicators of the overall market’s direction. Whether these altcoins can capitalize on the current environment will depend on their ability to hold key support levels and maintain investor confidence. The coming days will be crucial in determining whether the altcoin season is truly taking shape or if Bitcoin’s dominance will assert itself once again.

Source:

[1] Altcoins Surge as Bitcoin Wavers: What Lies Ahead? - https://coinmarketcap.com/community/articles/688f1ba648588402126dab5f/

[3] Bitcoin (BTC) Onchain Profit-Taking Spikes - https://blockchain.news/flashnews/bitcoin-btc-onchain-profit-taking-spikes-what-this-means-for-crypto-traders-now

[4] Crypto sentiment is cooling off as the Fear & Greed Index ... - https://www.facebook.com/photo.php?fbid=7350170****4835&set=a.130****63246274&type=3

[5] They'll call it a healthy correction, until it wipes out 40% - https://www.facebook.com/groups/altcoinsandshitcoins/posts/2581280852217956/

[6] Bitcoin: News & Updates - https://cryptodnes.bg/en/tag/bitcoin/page/44/

[7] Top Crypto Gainers in 2025: BlockDAG, Bittensor, Render ... - https://coindoo.com/top-crypto-gainers-for-2025-blockdag-bittensor-render-near-are-leading-the-charge/

[8] XRP consolidates at $3 ahead of key US crypto policy report - https://news.bit2me.com/en/XRP-consolidates-at-%243-ahead-of-key-US-report

[9] Page 8 | Bitcoin Trade Ideas — BITSTAMP:BTCUSD - https://www.tradingview.com/symbols/BTCUSD/ideas/page-8/