Bitcoin News Today: Altcoins Outperform Bitcoin for 31 Days as Market Dominance Falls Below 60%

Altcoins have extended their outperformance streak over Bitcoin to 31 consecutive days, according to a recent analysis from 10x Research, marking the longest continuous period of altcoin dominance in 2025 [1]. This surge has coincided with Bitcoin’s market dominance slipping below 60%, reaching 59.2%, as altcoins collectively gained traction across the cryptocurrency landscape [2]. Analysts suggest that this shift could be the beginning of a broader altcoin rally, particularly if key technical levels are sustained beneath the 60% threshold [2].

The drop in Bitcoin's dominance has been attributed to a breakdown in a long-standing three-year uptrend line, as noted by analyst AltcoinGordon [2]. This structural shift, which previously kept altcoins suppressed since 2022, has now been lost, potentially opening the door for increased participation in the altcoin space. However, some analysts remain cautious, noting that similar dominance declines in the past—such as in Q4 2024—have resulted in short-lived altcoin surges before Bitcoin regained control [2]. The current market sentiment, however, suggests that Bitcoin may have already peaked in terms of dominance, with a sustained move under the EMA-50 level potentially confirming a more decisive shift in market leadership [2].

Ethereum has already seen its market share increase from 9.7% to 12.9% in the past month, while other altcoins have collectively captured 27.9% of the market [2]. This growing share reflects a broader rotation of capital away from Bitcoin and into alternative cryptocurrencies. The 31-day winning streak reported by 10x Research highlights a rare but significant shift in investor behavior, with altcoins showing resilience and outperforming the dominant digital asset [1].

A well-known figure in the cryptocurrency space, Altcoin Sherpa, has spotlighted a select group of altcoins predicted to lead in performance this month. His analysis singles out nine promising altcoins based on their impressive recent performances. In previous cycles, similar standout selections have captured significant market gains, suggesting a potential repeat of these outcomes. Sherpa emphasizes the potential of under ten altcoins to surpass market expectations and yield substantial returns for discerning investors.

In Sherpa’s analysis, PENGU, ENA, LINK, and PUMP shine, showcasing promising potential compared to others. PENGU Coin has rebounded to approach a resistance level at $0.0433. Breaking through could mean new peaks beyond $0.04687, and further gains may lead to price discovery past $0.0689. ENA Coin made significant gains, surpassing the $0.804 mark. Successfully maintaining momentum above this level could see it reach the $1 mark, with price targets up to $1.5 if conditions are favorable. LINK stands strong within the decentralized finance sector, especially for blockchain-based oracle price feeds. Keeping above $19.3 positions LINK for potential moves to $23 and $24.7, with a longer-term focus on the $27-30 range. The story of PUMP Coin is unique. Initially struggling after a decline, it now aims to surpass its pre-sale value by sustaining support at $0.03, with a targeted close over $0.035 signaling a potential rally.

Valuable conclusions from the analysis include: PENGU could break major resistance if current support holds; ENA has a chance to hit the $1 mark soon; LINK remains a stronghold in DeFi; and PUMP Coin is on the cusp of a potential recovery. Navigating the altcoin landscape requires careful consideration and strategic choices. The highlighted coins by Altcoin Sherpa may offer distinct advantages, but there’s always an element of risk. Investors should carefully assess these opportunities within the dynamic cryptocurrency market.

Some projects, such as BlockchainFX and XYZVerse, are being highlighted as potential breakout candidates in this emerging altcoin wave, driven by strong presale performance and growing investor interest [3]. However, these remain speculative opportunities, and their success will depend on continued market momentum and the absence of external macroeconomic headwinds.

The market is now closely watching whether this altcoin surge represents a genuine turning point or another false start. A weekly close under the EMA-50 level could signal a more definitive shift in dominance and set the stage for a larger altcoin season [2]. As the battle for market leadership continues, investors are advised to remain cautious and to conduct thorough due diligence before committing capital to any project.

Source: [1] 10x Research via Coinpedia, [2] Coindoo, [3] CaptainAltcoin