Bitcoin News Today: Altcoins Gain Momentum as Market Shifts From Bitcoin

The altcoins market is showing signs of a potential breakout that could signal the start of an altseason — a period in which alternative cryptocurrencies outperform Bitcoin in gains. The Altcoin/BTC ratio has recently broken through a four-year RSI downtrend and a three-year price downtrend, suggesting that capital may be shifting from Bitcoin to the broader crypto market. This technical shift has sparked speculation that altcoins could see significant upside in the coming weeks [1].

Technical indicators are reinforcing the idea of growing momentum. The RSI is trending upward, and the altcoins market cap is approaching a critical resistance level. A clean break above this threshold could attract fresh capital inflows as traders move funds from Bitcoin into mid-cap and low-cap altcoins. Moving averages are aligning in favor of bulls, and volume levels in major altcoins are showing signs of increasing activity. If the trend continues, the altseason could resemble the explosive price action seen in previous cycles [1].

Ethereum is emerging as a key player in this potential shift. The ETH/BTC ratio has risen sharply, with Ethereum surging more than 20% in the past 24 hours. This has reignited bullish sentiment and helped reclaim key exponential moving averages. Analysts, including Tom Lee of Fundstrat, have forecast that Ethereum could reach $16,000 if it mirrors its 2017 performance [7]. However, these forecasts remain speculative and depend on sustained price action and volume.

Other altcoins are also drawing attention. Solana is expected to rise above $290, while Cardano is predicted to hit $6. BNB has already gained 3%, partly due to a recent settlement with New York’s Paxos, which reduced regulatory uncertainties. XRP climbed 3% following the launch of custodial services for Korean institutions, signaling growing institutional interest in altcoins [4].

Bitcoin’s dominance has declined by approximately 4%, indicating a shift in investor focus toward altcoins. While Bitcoin ETFs have experienced significant outflows, Ether ETFs ended a 20-day winning streak. Despite this, Bitcoin's volatility has not dampened enthusiasm for altcoins, and the total crypto market cap has hit a record high [5].

The altcoin resurgence is being driven by more than just price movements. A shift in investor sentiment is evident, with capital flowing into layer-1 blockchains, DeFi tokens, and other innovative projects. Metrics like the ETH/BTC ratio and Bitcoin’s declining dominance are widely viewed as early signals of an altseason [2]. However, while forecasts are optimistic, they remain speculative, and continued price and volume follow-through will be crucial to confirm a true altseason [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/