Bitcoin News Today: Bitcoin dominance drops 5.87% as altcoins surge 25%–27.6% in 24 hours

Bitcoin's dominance in the global cryptocurrency market continues to decline, signaling a potential shift in investor sentiment toward alternative cryptocurrencies. As of July 31, 2025, BTC’s dominance has fallen by 5.87% in the past month and 5.21% over the past three months, dropping to 61.37% from a peak of nearly 66% earlier in the year [1]. This decline coincides with Bitcoin reaching multiple all-time highs, rising above $122,000 from $111,000 in the same period [1]. However, the waning dominance of Bitcoin has not dampened the overall market — rather, it has sparked renewed interest in altcoins, with Ethereum, IKA, and PUMP.fun emerging as key players in this evolving landscape [1].

Ethereum, the second-largest cryptocurrency by market capitalization, has seen notable gains, rising by 6.2% over the past week and trading at $3,861 as of press time [1]. It recently broke through a critical resistance level of $2,770 and is now approaching $4,000, a threshold that analysts view as a potential catalyst for further growth [1]. Institutional interest has also intensified, with SharpLink purchasing $295 million worth of ETH, boosting its Ethereum treasury to nearly 438,000 tokens valued at over $1.7 billion [1]. The ETH/BTC ratio hovering near 0.025 suggests that Ethereum may outperform Bitcoin in the near term [3].

Meanwhile, smaller-cap altcoins such as IKA and Pump.fun are experiencing significant price surges. IKA, for example, has risen by 25% in the last 24 hours, breaking its previous all-time high and reaching $0.0363 [1]. Analysts suggest that continued adoption of IKA’s Multiparty Computation network could provide further upward momentum for the token [1]. Similarly, Pump.fun (PUMP) has surged by 27.6% in a single day, gaining traction after its initial coin offering in mid-July [1]. While it remains 64% below its peak, the token has drawn attention for its innovative approach to meme coin creation and automated liquidity, raising $500 million at a $4 billion valuation [1].

The broader altcoin market is also seeing increased participation, with projects like Cardano and Tron drawing attention from investors seeking high-reward opportunities [4]. BankrCoin (BNKR) recently hit an all-time high following its listing on Coinbase, with analysts forecasting a potential 60% upside based on its technical chart [5]. In addition, the League of Kingdoms (LOKA) surged over 600% in a single day, driven by speculative trading and growing interest in blockchain-based gaming [6]. These developments highlight the diversification of risk within the crypto space, with investors increasingly allocating capital to smaller, high-potential projects.

Despite the enthusiasm, the market remains cautious. The total crypto market cap stands at $3.95 trillion, with Bitcoin still maintaining a 59.79% share [7]. However, as Bitcoin’s dominance wanes, investors are becoming more comfortable with taking on additional risk in pursuit of higher returns. This trend is particularly evident in sectors such as DeFi, NFTs, and blockchain infrastructure, where projects demonstrating real-world utility and adoption are attracting both retail and institutional interest [8].

The current environment is viewed by some analysts as one of the most favorable for altcoins in years. The emergence of new DeFi platforms and blockchain innovations has created fertile ground for alternative cryptocurrencies to gain traction. In particular, projects offering cross-chain solutions and AI-integrated platforms are drawing attention from a wide range of investors [8]. As the market continues to evolve, altcoins with strong fundamentals and clear use cases are expected to play a pivotal role in the next phase of the crypto cycle [9].

[1] title: Bitcoin dominance continues to shrink, which altcoins are poised for a breakout? (https://crypto.news/bitcoin-dominance-continues-to-shrink-which-altcoins-are-poised-for-a-breakout/)

[2] title: Altcoins that may respond to bitcoin weakness (https://www.facebook.com/groups/forextraderphilippines/posts/3660285197437775/)

[3] title: Altcoin-Saison-Index-Chart (https://www.bitget.com/de/price/altcoin-season-index)

[4] title: 5 Hot Altcoins of 2025: Crypto that Analysts Predict to Soar (https://pintu.co.id/en/news/186654-5-hot-altcoins-of-2025-crypto-that-analysts-predict-to-soar-100x-in-altseason-2025)

[5] title: Crypto Price Prediction Today 29 July – XRP, Cardano, Shiba Inu (https://cryptorank.io/news/feed/e4c58-crypto-price-prediction-today-29-july-xrp-cardano-shiba-inu)

[6] title: Here’s why LOKA crypto rallied over 600% today (https://www.okx.com/en-us/learn/cardano-resilience-bitcoin-solaris-blockchain)

[7] title: Morgan Stanley Warns of 9% Dollar Drop—Could Bitcoin ... (https://www.interactivecrypto.com/morgan-stanley-warns-of-9-dollar-dropcould-bitcoin-hit-100k)

[8] title: 7 Game-Changing Crypto Derivatives Strategies for 2025's Dynamic Market (https://walletinvestor.com/magazine/7-game-changing-crypto-derivatives-strategies-for-2025s-dynamic-market)

[9] title: Top 20 Best Crypto to Buy Right Now (in July 2025) (https://99bitcoins.com/cryptocurrency/best-crypto-to-buy/)