Bitcoin News Today: Bitcoin Dominance Hits 6-Month Low as Altcoins Surge 16% in a Month

Bitcoin’s market dominance has fallen to a six-month low, marking the first monthly bearish cross since January 2021, a development historically linked to a surge in altcoin performance [1]. As institutional interest in the sector rises, driven by crypto-friendly regulations, capital is increasingly flowing into Ethereum and other major altcoins. The ETH/BTC ratio climbed above 20%, signaling a shift in market sentiment away from Bitcoin and toward alternatives [1]. This trend reflects growing optimism in the altcoin space and hints at a potential multi-quarter rally if historical patterns repeat.

Alongside market dynamics, SpaceX has emerged as a key player in the crypto narrative, with its Bitcoin holdings now valued at approximately $1.02 billion [1]. The company’s position—acquired between 2020 and 2022 at an average price of around $30,000—has appreciated more than 300% as Bitcoin hit a new all-time high of $124,000. Meanwhile, SpaceX moved 1,308 BTC to a newly labeled address last month, though Arkham notes this as a relocation, not a sell, reinforcing the firm’s long-term holding strategy [1].

Elon Musk’s Tesla still holds 11,509 BTC, valued at roughly $1.4 billion at current prices, bringing the combined Bitcoin holdings of SpaceX and Tesla to nearly $2.42 billion. This accumulation, bought at an average cost basis of $32,000, underscores a growing trend of corporate adoption and HODLing in the crypto space [1]. The unrealized gains on these positions represent a significant financial upside for the companies and normalize the practice of institutional Bitcoin allocation for other firms.

The broader market is witnessing a structural shift driven by three key factors: regulatory clarity in key jurisdictions, corporate HODLing with substantial unrealized gains, and a bearish cross on BTC dominance signaling capital rotation rather than rejection [1]. Institutional participants are now paying closer attention to altcoins such as Ethereum, Solana, and Avalanche, which offer smart contract infrastructure and ETF potential. As a result, altcoin capitalization has surged by more than 16% in the last month [1].

Looking ahead, market observers suggest that volatility will remain high, with altcoins potentially enjoying sustained growth if the 2021 pattern holds. However, daily price swings will continue to be influenced by regulatory news, macroeconomic shifts, and market sentiment. The December 2025 timeframe is seen as a key checkpoint, with the current macro environment favoring a broad-based rally in digital assets [1].

Source: [1]Monthly Bearish Cross on BTC Dominance, Alts Run, SpaceX Profits Soar(https://nulltx.com/monthly-bearish-cross-on-btc-dominance-alts-run-spacex-profits-soar/)