The Altcoin Surge: Bitcoin’s Little Siblings Get Ready for Their Big Break!

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Oh, what a glorious sight! The total market capitalization of altcoins has already experienced its daring breakout. The fuse is lit, and the onlookers stand by in anticipation. Everyone’s just waiting for Bitcoin to finally decide whether it’s going to have its own grandiose breakout-or, perhaps, take a nap for a bit-before the altcoins follow suit and take their place in the sun.

Altcoin market cap to $2.5 trillion? Maybe, if we’re lucky!

Let’s take a look at the weekly chart for Total2-this is the combined market capitalization of all cryptos, excluding that sneaky $BTC. Not only has it made a higher high (you know, the kind that makes your heart race), but also, a candle body has decided to open above the $1.6 trillion resistance. You may call this a multi-year resistance, but who cares about the past when the present is so shiny?

And now, behold the prize! Price discovery is knocking on the door-but, as always, our dear altcoins are glued to Bitcoin’s every move. And, as luck would have it, Bitcoin might just need a small, little correction before the altcoins can have their time to shine. Oh, the drama of it all!

Once everything is good to go and the altcoins are released from their cage, Total2 might just reach for the stars-well, the 1.618 Fibonacci level, to be exact. $2.5 trillion, anyone? If Fibonacci has taught us anything (which it has), then it’s that these levels can be very, very accurate. So, there’s hope that this could very well happen in this market cycle. Fingers crossed!

The Dollar Index: It’s Everywhere, But We Don’t Always Notice

Now, let’s talk about something that doesn’t get nearly enough attention in the crypto community-the Dollar Index (DXY). Oh yes, we’d rather focus on those shiny altcoins and Bitcoin, but we mustn’t ignore the big, bad DXY that quietly influences all markets. We can see from the chart above that the DXY has been steadily declining. President Trump has been preaching for a weaker dollar, but whether or not he gets his wish is another story.

Recently, we’ve had a tiny rally, bringing the DXY up to $97.60. But let’s be real-this is likely to be nothing more than a hiccup before a rejection from the trendline. This is no ordinary trendline; it goes all the way back to 2008! If it breaks down, then Bitcoin and our dear altcoins might just soar like a hawk freed from its cage. You’ve been warned.

USDT Dominance: Is It About to Take a Nose-Dive?

Ah, yes, USDT dominance-the dollar’s not-so-glamorous cousin in the crypto world. The two-week chart above shows us a rather sad story for USDT, with its dominance clearly in a downtrend. The 4.50% level is acting like a tough bouncer at the club, but if USDT gets rejected from here and falls below 3.80%, then we might just see a rise in the value of crypto. Oh, the sweet, sweet scent of possibility!

Bitcoin Dominance: Is It Finally Hitting Rock Bottom?

And now, for the grand finale! The Bitcoin dominance chart. This chart has been on a relentless ascent for what seems like ages, but like all good things, it has come to an end. The dominance has even fallen through the uptrend, as if saying, “I’m done, I’ve had my moment!” But wait, there’s more-currently holding support at 57%, Bitcoin dominance has some serious decisions to make. Will it climb back up like a phoenix from the ashes, or will it tumble through this important support level? Stay tuned, folks, this is far from over.

And, let’s not forget the Stochastic RSI indicators, which may just be ready to make a comeback. If they do, this could be the sign that Bitcoin dominance is ready to return to the spotlight. But then again, who knows? It’s all part of the crypto circus!

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2025-09-19 14:18