Bitcoin News Today: Altcoins Gain Momentum as Bitcoin Dominance Dips Toward 57%

Altcoins are showing early signs of momentum as market dynamics shift and capital begins to reallocate into the space. While Bitcoin remains relatively range-bound, with its dominance forming a bear flag pattern, analysts suggest a potential breakdown could see Bitcoin’s share of total crypto market cap dip to as low as 57%, opening the door for altcoins to gain further traction. This development, if it materializes, could signal a broader shift in investor sentiment toward smaller-cap cryptocurrencies [1].

The Total3 metric, which tracks the combined market cap of all cryptocurrencies excluding Bitcoin and Ethereum, has also begun to display bullish technical signals. On shorter timeframes, it appears to be forming a bull flag pattern, with a potential breakout target of $1.18 trillion in the near term. Zooming out to the weekly chart, the formation of a cup-and-handle pattern suggests a long-term target of up to $2 trillion, should the pattern complete as expected [2].

In parallel, specific altcoins have begun to attract renewed attention. XRP, for instance, has seen a 24-hour trading volume exceeding $4.2 billion, with key support levels holding firm. This increased liquidity has led traders to speculate that the asset may be entering a bullish phase. Analysts have highlighted the significance of this activity as a sign of growing market confidence [3].

Ethereum, too, is drawing attention, particularly with the continued inflow of capital into Ethereum ETFs. On July 29, US spot Ethereum ETFs recorded net inflows of about $218 million, reflecting the asset’s growing institutional appeal. This trend mirrors similar activity in Bitcoin ETFs and suggests a broader reallocation of capital within the crypto sector [4].

Solana has also experienced a recent price boost, rising approximately 7% in a week, supported by the approval of the first U.S. ETF linked to the asset. Analysts believe this regulatory milestone could serve as a catalyst for further gains, with some forecasting that the token could reach $200 if current momentum continues [5].

Institutional participation is also increasing in altcoin presales. One example is Bitcoin Hyper (HYPER), a Bitcoin-native Layer-2 solution that has raised over $6 million in its ongoing presale. With a low entry price and potential for high returns, the token has attracted attention from investors seeking exposure to altcoins that benefit from Bitcoin’s expanding ecosystem [6].

Despite these positive indicators, some analysts remain cautious. While forecasts for XRP suggest potential price targets of $5 or even $10 by year-end, market volatility remains a risk. Recent dips in Bitcoin’s price have prompted some investors to adopt a more conservative stance. However, the overall sentiment among traders appears to be bullish, with many viewing dips as buying opportunities [7].

In conclusion, the altcoin market is displaying encouraging signs of strength driven by increased trading volumes, institutional inflows, and growing investor confidence. While the path ahead remains uncertain, key price levels, technical patterns, and capital flows will continue to shape the trajectory of the coming months.

Sources:

[1] title: Altcoins Heating Up: Is a Major Upward Surge on the Horizon? (https://cryptodaily.co.uk/2025/08/altcoins-heating-up-is-a-major-upward-surge-on-the-horizon)

[3] title: XRP heating up: Surge in trading volume hints at another ... (https://m.economictimes.com/news/international/us/xrp-heating-up-surge-in-trading-volume-hints-at-another-bullish-run/articleshow/123119615.cms)

[4] title: Best Crypto to Buy Now as Ethereum ETF Inflows Indicate Growing Altcoin Strength (https://cryptodnes.bg/en/tag/snorter/)

[5] title: Solana Price Prediction: SOL Could Jump to $200 After This ‘Buy’ Signal (https://investx.fr/en/crypto-news/why-litecoins-price-is-poised-to-skyrocket/)

[6] title: Bitcoin Hyper Hits $6M in Viral Presale: Best Altcoin to Buy in August? (https://cryptodnes.bg/en/tag/bitcoin-hyper/)