Bitcoin Dominance Dives in May as Altcoins Form Golden Cross
Its a sign of a bullish market for all crypto assets that are not called BTC. Last time this happened in 2021, a bevy of popular altcoins returned cryptocurrency buyers 28,000% by the end of the market cycle.
Bitcoin Dominance Takes 4% Spill
Bitcoins market share fell from 65% to 61% between May 7 and May 13, according to TradingView. Markets havent seen that 65% level of BTC dominance over altcoins since 2021.
That year was the altseason, as crypto veterans like to call it, that launched Dogecoins price tens of thousands of percent upward in under 12 months.
Meanwhile, in 2021, a $100 Shiba Inu investment went from Jan. 1, 2021, to over $14 million by Mar. 2023. Two unemployed Millennial brothers from Westchester, NY, invested $8,000 in Shiba Inu that year after a family friend told them about it.
There are hundreds of trillions of dollars out there.
There are only 21 million #Bitcoin.
Do the math.
Samson Mow (@Excellion) May 8, 2025
As Bitcoin boosters like to say: Do the math.
While a 4% dip in Bitcoin dominance may seem like a small fraction, the numerator here is a global Internet currency with a two trillion dollar market cap on May 7.
Thats something like an $80 billion dip in market share against altcoins over six days in May. Furthermore, Bitcoins price and market cap grew by 7% during those six days, even as its wedge on the pie chart shrank.
Altcoins Form Bullish Golden Cross
Meanwhile, an index of altcoin prices formed a golden cross in May, potentially signaling bullish momentum into a prolonged bull run.
As one popular crypto YouTube analyst reported on May 13, the total altcoin market cap for major currencies has formed a golden cross. Thats when a shorter-term moving average crosses from below to above a longer-term moving average.
Altseason incoming. golden cross hit.
Last time this happened in 2021, alts went +28,000%
2025 just did the same.
if you fumble this run, you deserve to stay broke.Dont fade the rotation.#crypto #altcoins #bullrun pic.twitter.com/ZZp7z2nrcT
Bitcoin Duniya (@bitcoin_duniya) May 13, 2025
The moving average for a cryptocurrency is the periodically updated average of all its prices over a previous period. Traders use that to get a sense of the markets inertia.
If the last market cycles performance repeats on this round, the total altcoin market cap could exceed $5 trillion sometime by 2026. Here are five more signals that altseason may soon commence.
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