Altcoin Rally Builds as Bitcoin Dominance Drops in May 2025
By: coinchapter|2025/05/10 15:30:07
0
Share
Bitcoin dominance dropped from over 65% to 63.89% in early May 2025, based on data from TradingView. The drop occurred soon after Bitcoin crossed $100,000 for the first time since February 3. Ethereum (ETH) rose 13% in the last 24 hours. Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) gained more than 6%. The rise in altcoin prices followed months of Bitcoin outperforming the broader crypto market. The drop in Bitcoin dominance comes after it hit its highest level since January 2021. This shift indicates that capital may be moving from Bitcoin to other cryptocurrencies. CoinMarketCap’s Altcoin Season Index also rose, pointing to increased interest in altcoins. The Altcoin Season Index rose from 23 to 36 between May 5 and May 9, 2025. The index tracks how many top 100 coins outperformed Bitcoin over the past 90 days. It excludes stablecoins and tokenized assets like WBTC and stETH. A score below 25 signals “Bitcoin Season,” while a score above 75 marks “Altcoin Season.” Current levels place the market in a neutral state. In April, the index fell to 12, its lowest point since December. It had previously reached 87, a yearly high. The jump to 36 reflects stronger altcoin performance in early May. The index still remains below the 75 mark needed to confirm a full altcoin season. However, it shows a shift from the deep Bitcoin-dominated phase in April. ETH/BTC Ratio Rises After Hitting 2020 Lows The ETH/BTC ratio recently touched its lowest level since 2020. The drop showed Ethereum’s continued underperformance against Bitcoin. The ratio then bounced, signaling a possible structural rotation. Data from TradingView shows this move occurred around the same time Bitcoin’s dominance declined. Ethereum’s gain of nearly 13% in one day contributed to the ratio’s recovery. CryptoQuant CEO Ki Young Ju commented on this trend. He said , “Bitcoin Cycle Theory is obsolete,” pointing to changes in how capital moves through the market. This statement followed Ethereum’s rebound and increased altcoin trading. YTD Data Shows Bitcoin Still Leads in 2025 Bitcoin is up 10% year-to-date (YTD) in 2025, according to Messari. Most altcoins remain down. Ethereum has dropped 30% YTD. Other major tokens like Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and Shiba Inu (SHIB) are also down over 20%. XRP is the only top altcoin outperforming Bitcoin this year. It has gained more than 12% YTD. The rest of the altcoin market has yet to recover from earlier losses. Despite poor performance over the full year, altcoins have started May with gains. Ethereum’s rise, along with SOL, DOGE, and ADA, shows that capital is returning to altcoins after months of focus on Bitcoin.
You may also like
Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions
The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...
Dan Bin takes action, building a position in Circle
If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.
The Impossible Triangle of DeFi Lending
Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.
Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April
Bitcoin ETF news today shows $2.43B in April inflows as institutions absorbed thousands of BTC, yet the price dropped from $79K to $76K. Traders are now watching whether the $80K resistance breaks or triggers another pullback.
What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)
What Is RWA in Crypto?RWA stands for Real-World Assets — traditional financial assets like bonds, real estate, gold, and private credit that have been converted into blockchain tokens.
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
The narrative of RWA is not about traditional finance trying to capture crypto users, but rather crypto trying to capture traditional users.
Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think
Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.
Oracle: The Second Battlefield Behind the Prediction Market War
By 2026, the oracle track has essentially evolved from the early "data pipeline" into a "verifiable facts layer" that supports the entire on-chain economy, and prediction markets serve as a magnifying glass to observe the competition in this red ocean.
a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."
The evolution of prediction markets: from niche products to "uncertainty pricing" infrastructure
Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S
Overview of Important Market Events on April 28
From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic
This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...
Why Private Credit Became the First True Bridge from TradFi to DeFi
Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.
Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital
Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.
When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products
Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.
My view on blockchain has changed
In-depth Reflection on the Value of Blockchain Applications and the Time Dimension
Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?
Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.
Deconstructing 80 mainstream payment institutions and wallets worldwide
A comprehensive analysis of the global top 100 payment companies. Led by Alipay and WeChat, this article provides insights into the business logic and competitive advantages of over 80 top players.
The MiCA Fast Track for Cryptocurrency Licenses: Why OKX and BVNK Choose Malta
Countdown to the EU MiCA Licensing: Why do crypto giants like OKX choose Malta for their "first license"? A deep dive into the CASP license application process, business portfolio logic, and compliance pitfalls guide.
Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions
The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...
Dan Bin takes action, building a position in Circle
If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.
The Impossible Triangle of DeFi Lending
Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.
Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April
Bitcoin ETF news today shows $2.43B in April inflows as institutions absorbed thousands of BTC, yet the price dropped from $79K to $76K. Traders are now watching whether the $80K resistance breaks or triggers another pullback.
What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)
What Is RWA in Crypto?RWA stands for Real-World Assets — traditional financial assets like bonds, real estate, gold, and private credit that have been converted into blockchain tokens.
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
The narrative of RWA is not about traditional finance trying to capture crypto users, but rather crypto trying to capture traditional users.
Popular coins
Latest Crypto News
Read more
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com