Colour green dominates the crypto market heatmap today, fueling the odds of Altcoin Season in July. As the digital assets gain an upward trajectory, the market gains a momentary bullish appearance. In this, the top ones like XRP, Solana, ADA, and other altcoins are gaining attention, influencing investors’ expectations for the Altseason. Additionally, the shift in the Bitcoin Dominance and other factors further fueled the speculation.
XRP, Solana, and ADA Rallies Fueling Altcoin Season Speculations
CoinMarketCap’s fear and greed index reveals a significant shift in investors’ sentiments from neutral to greed. This shift is made with the Bitcoin price hitting a new ATH of $118.8k on July 11, influencing the rest of the crypto market. However, as it consolidates today, the odds of an altcoin season increase.
In this, the biggest impact is on the XRP price, which is up 9% today, currently trading at $2.82. This rally is influenced by Altseason talks and developments in the Ripple vs SEC case. Solana and ADA are following the rally, with SOL price up to $163.04 and ADA trading at $0.7254 after a 27% surge over the week.
Crypto Week and voting on crypto bills also played a significant role. With this, the trading activity saw a boost, and nearly 90% of the altcoins succeeded in outperforming BTC in the last 24-48 hours. Besides, the decrease in Bitcoin dominance fueled the expectations of the Altseason.
Notably, Arthur Hayes acknowledges it as the beginning, not a fully fledged one yet.
I was slightly bearish in my last essay due to TGA refill. What changed?$BTC busted through ATH on good volume$ETH is following and will outperform, get ready for a monster alt szn.
Mrkt thinks Trump will TACO on tariffs, so fuck it: @MaelstromFund is backing up the truck!
— Arthur Hayes (@CryptoHayes) July 11, 2025
Crypto Market Flourishes, But It’s Not Altcoin Season
At press time, Bitcoin dominance stands at 63.7% and has declined significantly from the highs of 66% in late June. However, the 60% plus threshold is still maintained, discarding the altcoin season possibilities.
Besides, the market’s technical indicators of dominance show signs of weakness, suggesting that capital rotation might take place. The impact is already visible, as in the last few hours, many altcoins have dropped from their rallies.
Besides, in the last 90 days, only a few out of the top 100 tokens have outperformed BTC, putting the market in a Bitcoin season. Last but not least, the Altseason season index is just 27 out of 100, and for it to begin officially, it must surpass the 75+ threshold.
In conclusion, the Altcoin Season has not begun yet. However, the altcoins outperforming BTC hint at the early signs of the beginning, just like Hayes concluded. Investors must wait for clear signs and indications before jumping to conclusions.
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Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
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