Bitcoin News Today: Bitcoin's dominance drops to 60.83% as altcoins hit $1.44T market cap

The cryptocurrency market is undergoing a significant shift as Bitcoin's dominance falls to 60.83%, marking a sharp decline of over 63% from previous levels. This marks the lowest level of BTC dominance in months, driven by institutional investors reallocating capital toward altcoins such as Ethereum, Solana, XRP, and Ton. The altcoin market cap has surged past $1.44 trillion, signaling growing confidence in diversified crypto holdings [1]. According to data from Glassnode, Bitcoin is experiencing elevated selling pressure, with large investors (whales and institutions) offloading millions of BTC in mid-July. Daily BTC inflows to exchanges have also increased, reflecting broader capital rotation out of Bitcoin [1].

Technical indicators further underscore Bitcoin's weakening position. The Altcoin Season Index, a leading metric for altcoin activity, has stabilized near 51, historically signaling the onset of altcoin outperformance. Ethereum, in particular, has seen consecutive price gains, rising over 27% in recent weeks, as demand for decentralized finance (DeFi) and Layer-1 blockchain ecosystems grows [1]. Analysts from Quantum Economics and Bitwise highlight that institutional strategies are increasingly favoring altcoins for higher returns in less saturated markets [1].

AurealOne (DLUME) and DexBoss (DEBO) have emerged as top altcoin candidates. AurealOne, a Web3 gaming platform, leverages blockchain to introduce a "skill-to-earn" model, enabling users to win real crypto rewards based on performance. Its proprietary Aureal Chain emphasizes transparency and fairness, with a planned 2025 launch of over 60 games. The DLUME token is currently priced at $0.0013 [1]. DexBoss, a Solana-based crypto intelligence tool, offers real-time wallet tracking and customizable trade alerts. Its pre-sale aims to raise $50 million across 17 rounds, with the DEBO token at $0.011 [1].

Other notable altcoins include XRP, which facilitates fast cross-border payments via the XRP Ledger, and Filecoin (FIL), a decentralized storage network underpinning Web3 infrastructure. Cardano (ADA) continues to evolve with its proof-of-stake architecture and layer-2 Hydra protocol, enhancing scalability and energy efficiency [1].

The broader trend reflects institutional rebalancing of portfolios, with capital flowing into altcoins to capitalize on innovation in DeFi, gaming, and decentralized storage. While Bitcoin remains a key asset, its market capitalization has dipped slightly, amplifying opportunities for high-utility altcoins [1].

Source: [1] [Best Crypto to Buy Now: AurealOne and Bitcoin Hyper Shine as Altcoins Hold $1.44 Trillion Cap, Bitcoin Dominance Falls to 60.83% Amid Institutional Sell-Off!!] [https://cryptonewsland.com/best-crypto-to-buy-now-aurealone-and-bitcoin-hyper-shine-as-altcoins-hold-1-44-trillion-cap-bitcoin-dominance-falls-to-60-83-amid-institutional-sell-off/]