Crypto Market Heats Up As Altcoins Surge Despite High Bitcoin Dominance

While Bitcoin continues to shine in the spotlight with its soaring price and unshaken dominance, altcoins are quietly and powerfully making their move.  According to Crypto News, crypto analyst Matthew Hyland recently pointed out on X that “BTC dominance hasn’t even sneezed and Alts are ripping,” signaling a surprising trend: altcoins are rallying hard, even as Bitcoin still controls the majority of the market.

Altcoin Boom Without Traditional Signals

Traditionally, when Bitcoin’s dominance, its share of the overall crypto market cap,  begins to fall, it’s taken as a key signal that an altseason is underway. But this time, the story looks different. As of this week, Bitcoin’s dominance remains high at 64.46%, dropping just slightly over the past seven days, even as altcoins post massive gains.

This shift has left analysts and traders optimistic that fresh capital is flowing into the entire crypto market, not just rotating out of Bitcoin. In other words, altcoins aren’t rising because people are selling BTC,  they’re rising because new money is entering the market.

Meme Coins and Majors: Who’s Leading the Surge?

Some of the biggest winners in the altcoin space this week come from both ends of the spectrum. According to CoinMarketCap, MemeCore (M) soared by an eye-popping 1,263%, followed by Mog Coin (MOG) up 75%, and legacy token Stellar (XLM) rising 67%.

Meanwhile, blue-chip altcoins are also gaining ground. Ethereum (ETH), the second-largest cryptocurrency, gained over 17.68%, with the ETH/BTC ratio climbing 8.39%,  another sign that altcoin strength is real and growing.

Interestingly, CoinMarketCap’s Altcoin Season Index still reads “Bitcoin Season”, with a score of 29 out of 100. But traders like Michaël van de Poppe, founder of MN Trading Capital, think the tide is turning fast. He called this the beginning of the “final easy and biggest bull ever on Altcoins.”

Analysts See More Room to Run

Data from on-chain analytics platform Santiment backs up this sentiment. The firm reported that altcoin season has indeed started, even though Bitcoin dominance hasn’t dropped significantly. As long as Bitcoin holds above its $110,000 psychological support, Santiment believes traders will keep reallocating profits into altcoins, which could push prices even higher across the board.

This reflects a growing belief that the current market isn’t just about Bitcoin leading the way, it’s about the whole ecosystem lifting off together.

Bitcoin Breaks into the Big Leagues

Meanwhile, Bitcoin itself isn’t slowing down. After hitting a fresh all-time high above $118,000, its market capitalization surged to $2.34 trillion, pushing it past silver to become the sixth-largest asset in the world, based on data from Companies Market Cap.

Bitcoin now trails Amazon, which has a market cap of $2.37 trillion, and still has some ground to cover to catch giants like Apple, Microsoft, and NVIDIA. Gold remains the undisputed heavyweight with a staggering $22.6 trillion market cap.

According to Mercuryo CEO Petr Kozyakov, rising institutional demand is keeping Bitcoin above the $100K mark,  and that same momentum is trickling into altcoins like Ethereum, which just passed the $3,000 level.

A New Market Phase

Altcoins are showing strength not just in isolation, but as part of a larger trend. With Bitcoin dominance staying high and prices climbing across the board, the crypto market seems to be entering a new phase, one where Bitcoin and altcoins rise together, not at each other’s expense. If the trend continues, this could mark the beginning of one of the most inclusive bull runs the crypto market has ever seen.