The eager crowds of crypto hopefuls stand like farmers eyeing a storm, waiting for that promised altcoin season—when the underdogs run wild, leaving old Bitcoin in the dust. But the stubborn truth crawls across the data like gnats in the dust: Bitcoin dominance isn’t ready to loosen its grip.
Bitcoin’s grip has clawed its way back above 63.96%, hustling toward a crucial frontier near 64.45%. The wise and weary Rekt Capital warns that if Bitcoin holds firm here come April’s end, the altcoin parades might just be a fanciful mirage, dashed by the long shadow of Bitcoin’s beast.
The Old Bull Still Leads the Dance
Despite the jitters and price slips making April look like a rodeo gone sideways, Bitcoin’s authority over the market wears the scars of history and the patience of a mule. Sitting at levels unseen since 2021, it’s as if Bitcoin is thumbing its nose at the hopeful altcoins trying to poke the bear.
The true story lies in the climb—the persistence after breaking free from a multi-year grit of decline in 2023. Bitcoin dominance has been on a tidy uphill march, like a man set on finishing his old debts. The recent test near 57.68% to 59% was like a rallying call, and now the 64% mark looks less like a barricade and more like a welcome mat.
On the digital plains of X, Rekt Capital notes this is the throne level last sat upon in early 2021. Should Bitcoin lock in this foothold as the April curtain falls, altcoins might just be left auditioning for a short-lived cameo instead of the main act.
Should this stubborn uptrend hold, the next beast to conquer looms near 71%—a peak from 2019. Imagine Bitcoin sweeping the floor clean, leaving only crumbs for the little altcoins to scavenge. The longer Bitcoin prowls in dominance, the tinier the stage for the altcoins’ fleeting dance.
A Flicker of Hope or Just a Mirage?
Rekt Capital offers a sliver of mercy: if Bitcoin dominance flutters around 64%, a brief altcoin fireworks show might spark, but don’t blink—or you’ll miss it. Volatility would be the name of that rough-and-tumble game, fleeting as a mirage on a hot summer day.
Right now, Bitcoin dominance sits at 63.2%, fresh off a recent 63.6% high. The closing bar on the next few days could seal the market’s fate heading into May. Altcoin dreamers might want to stop chasing every shiny token and instead keep a hawk’s eye on this chart. Because if Bitcoin keeps its iron grip, the altcoin window will shut faster than a saloon door in a dust storm.
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2025-04-26 09:14