Altcoins are outperforming Bitcoin on Thursday, with Ether up 11% and has broken past $2,000, while other cryptocurrencies like Sui and Bitcoin Cash have seen double-digit gains.
Despite growing social media buzz about "altseason," Bitcoin's dominance remains high at 64%, and analysts warn that increased mentions of altcoins could be a "red flag" for investors.
Market uncertainty continues due to Donald Trump's tariff policies, making it difficult to compare the current crypto rally to past cycles despite the current widespread gains.
Both Dogecoin and Cardano have risen by more than 8%, with Sui rallying 13.8% and Bitcoin Cash trading 14.3% higher.
The top performer among the 100 biggest coins by market cap is Pudgy Penguins—up 27% since this time yesterday.
Thursday's gains have led to feverish speculation on X that "alt season" is coming, where altcoins outperform BTC.
But such talk might be a little premature—especially considering that Bitcoin's dominance, referring to its total share of the crypto market, remains stubbornly high at 64%.
Earlier this year, CryptoQuant analyst Ki Young Ju had warned that "the era of everything pumping is over," and "most altcoins won't make it."
He argued altcoins that are currently the subject of ETF filings—think XRP, Solana, Cardano and Litecoin—were most likely to outperform in 2025, along with "sustainable attention drivers" and "revenue-generating projects."
Santiment research recently revealed that mentions of "altcoins" and "altseason" on social media are growing on social media, and that could amount to a "red flag."
"History has actually shown that the most opportune entries into any sort of altcoin cycle are when the crowd is showing complete disinterest in altcoins," Brian Quinlivan wrote.
He went on to warn that "the transition from rational investing to speculative frenzy can be both swift and punishing," meaning traders should proceed with caution.
With Donald Trump's White House causing the markets to whipsaw as uncertainty over tariffs continues, it's difficult to compare this current crypto rally to past cycles. There's a sea of green today, but no guarantees of the same tomorrow.
Stablecoin issuer Circle is hoping to raise as much as $624 million for its much anticipated initial public offering.
The crypto giant—which is behind USD Coin (USDC), the seventh-biggest digital asset in existence—filed paperwork with the Securities and Exchange Commission Tuesday saying it would offer 24 million shares for $24 to $26 each. The firm is targeting a $6.7 billion fully diluted valuation.
Circle filed an S-1 form last month announcing its plans to go public—the latest company maki...
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So viral, in fact, that stores have had to pull them from shelves to prevent customers fighting over the cute collectibles.
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That’s according to New York-headquartered crypto exchange and custodian Gemini's latest Global State of Crypto report.
It found over 94% of meme coin owners also hold traditional cryptos, with 31% of U.S. investors purchasing meme coins before Bitcoin or Ethereum.
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