- Bitcoin dominance has dropped below a multi-year support level signaling a notable shift to altcoins.
- Ethereum price macro breakout has made a similar fractal structure to the 2021 bull run.
- The next few weeks will be critical for the 2025 altseason amid anticipated Fed rate cuts.
Bitcoin tagged a new all-time high of $124,128 on Thursday, and Ethereum is now knocking on the door of its own record. This strength at the top is now fueling a move into altcoins, with Cardano (ADA) exploding over 16% in the last 24 hours to trade at 99 cents.
These set of on-chain signals are also being backed by real-world interest. Data from Google Trends shows that global search interest for “altcoins” has surged to a new all-time high, surpassing the peaks of 2018 and 2021. At the same time, the Altcoin Season Index has climbed to 53, a clear sign of rising demand from FOMO (fear of missing out) traders.
Do you know what staking is ? Staking on the blockchain refers to the process where participants lock up a certain amount of cryptocurrency to support the operations and security of a blockchain network. In return, they earn rewards, typically in the form of additional cryptocurrency. Staking is often associated with proof-of-stake (PoS) or similar consensus mechanisms used by many blockchains.
