Altcoins Surge as Bitcoin Dominance Stalls Below 60%
Crypto markets have seen a surge in altcoin performance as Bitcoin's dominance stalls below 60%. Glassnode's Altcoin Cycle Signal has delivered an 'altseason' signal, indicating that altcoins are outperforming Bitcoin.
The combined altcoin market cap reached $1.19 trillion on Tuesday, its highest level since late January, with a 33% increase in market capitalization since August 19th.
Bitcoin's dominance has remained rangebound since then, sitting at 59.7% versus 59.2% on August 19th. Trader Matthew Hyland described the current state as 'complacency' among Bitcoin investors, suggesting that dominance had already set a macro high when it reached 66% in June 2025.
Crypto ETFs have seen a rebound in inflows this week, with US spot Bitcoin ETFs taking in $999 million and Ether ETFs seeing $270 million in daily inflows on Monday, the highest since October 2025.