Altcoin Rally Cuts Bitcoin Dominance Toward 59% as XRP, DOGE, SHIB and ETH Surge
Bitcoin dominance has dropped sharply as a broad altcoin rally lifts XRP, Dogecoin (DOGE), Shiba Inu (SHIB) and Ethereum (ETH). BTC trades near $89,600, up about 1.7% on the day but underperforming major altcoins. XRP is up roughly 6% in 24 hours and nearing $2, DOGE posted a 10.5% gain to $0.139, and ETH climbed about 4.4% to $3,114. Smaller-cap meme tokens including SHIB are also benefiting from the meme-coin momentum. The shift has pushed Bitcoin’s share of total crypto market capitalisation toward a 59% level, reviving “altcoin season” narratives. Key market metrics cited include BTC price ~ $89.6k, DOGE +10.51% (to $0.139), ETH +4.36% (to $3,114), and XRP +6% (24h). Traders should watch capital rotation patterns, meme-coin volume spikes, and whether flows sustain beyond short-term speculative moves.
Bullish
The news describes a pronounced capital rotation from Bitcoin into major altcoins and meme tokens. That pattern is typically bullish for altcoins and the broader crypto risk-on environment because it reflects growing speculative interest and higher trading volumes in non-BTC assets. Short-term, expect increased volatility and continued upside pressure on XRP, DOGE, SHIB and ETH as momentum traders pile in; BTC may lag or consolidate while dominance falls. If inflows persist and on-chain metrics (volume, active addresses, large transfers) confirm sustained demand, the trend could extend into a multi-week altseason, improving risk appetite and lifting mid- and small-cap tokens. However, such rotations have historically produced sharp corrections when sentiment reverses or when BTC reasserts leadership (e.g., past 2017 and 2021 cycles). Traders should therefore manage risk with position sizing, watch liquidity on meme coins, and monitor whether capital rotation is confirmed by sustained volume and institutional flows to judge duration of the bullish signal.