Honestly, what on earth transpired with Alternative coin Season? Gold Hits All-Time High While Crypto Plummets
The non-BTC crypto season has been sidelined for the majority of the year, lagging behind Bitcoin’s gradual ascent . However, fresh trading market data indicates that these underappreciated and favored altcoins might soon emerge from their silence.
On-chain analytics service Alphractal has caught attention with forecasts of a notable change in the alternative coin landscape. Utilizing alternative coin Dominance indicators, Alphractal pointed out that these metrics are currently near historically important support thresholds that have often led to substantial upswings.
Potential Non-BTC crypto Season Through ‘Alt Dominance’
“A significant event is looming for altcoins,” Alphractal stated in a message on X, referencing its examination of dominance figures.
Altcoin dominance figures may be paving the way for a spike. Excluding stablecoins, the metric has used the 25% mark as a launchpad in the past, propelling it to 35% in 2020 and exceeding 50% during the 2021 alt season. Presently at 27.91%, it seems poised to test its resilience, hinting at a possible revival in non-BTC crypto activity.
Alternative coin Dominance has hit its historical base level point, and we may be on the brink of an influx of price swings shortly. Regardless of whether Bitcoin ascends or descends, numerous altcoins are likely to surpass Bitcoin in the months to come —… https://t.co/6KxKo8v8nd pic.twitter.com/HEwE9URHug
— Alphractal (@Alphractal) June 14, 2025
If historical trends are any guide, the crypto market may be bracing for yet another altseason in the forthcoming months.
Is Altcoin Season Finished?
On the flip side, the opposing viewpoint is that altcoins from the 2017 to 2020 period are no longer viable. Many of those coins have already experienced 100x, with some reaching even 1000x. Virtuals, Kaspa, and now Keeta, along with Solana which achieved a 25x this optimistic cycle. Some maintain that it’s unlikely to improve further.
An additional aspect of this skepticism stems from the belief that no one believes altcoins have real utility anymore. It’s perceived as mere speculation on the token’s price.
This is why only extremely frivolous coins like Fartcoin are making moves. The initial investors are shifting their funds back into Bitcoin rather than facilitating an altcoin surge. Time will tell if this perspective holds true, but currently, some argue that the alternative coin season is over.
Geopolitical Tensions and Trading market Sentiment; Gold Eyes New Highs
Last week, Bitcoin faced a significant downturn as conflicts erupted between Israel and Iran, dropping from $107K to $102K and erasing over $1.4 billion in liquidations in a single harsh trading session. Yet amidst the chaos, a renewed determination emerged.
According to Farside Investors, an astonishing $1.37 billion surged into U.S.-based spot BTC ETFs. While retail investors were in a panic, institutional players capitalized on the fear.
The stock market’s response to the Israel-Iran conflict:
Even as headlines indicate possible escalation and prolonged conflict, the stock market reflects the OPPOSITE.
Equity markets have turned positive, oil prices have increased by just +0.5%, and gold is down a mere -0.5%.
If the trading market were genuinely… pic.twitter.com/eIjEyi4fTm
— The Kobeissi Letter (@KobeissiLetter) June 16, 2025
Gold surged to a multi-week peak of $3,445 recently, driven by rising tensions in Israel and Iran and weaker-than-expected inflation data from the U.S. that pressured the dollar. Traders are now looking towards a potential rise to the all-time high of $3,500, albeit uncertainty looms ahead of the Fed’s upcoming policy meeting.
Who will prevail among Bitcoin, altcoins, and gold? Only time will reveal the outcome, but all three will unquestionably benefit from periods of volatility like the one we’re experiencing now.
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Key Takeaways
- Non-BTC crypto season has taken a backseat for most of the year, trailing behind Bitcoin’s slow grind upward.
- All eyes are on Powell this week. As inflation lingers and labor metrics soften.
The post Seriously WTF Happened to Altcoin Season? Gold Reaches ATH As Crypto Crashes appeared first on 99Bitcoins.
