Just as I’d finally dared to open my Coinbase app, hoping my little bag of altcoins had blossomed overnight, Bitcoin dominance (BTC.D, for those who love acronym soup) nose-dives into May by hitting a boisterous 64.98%. Yes, darling, the highest since 2021—side-eyeing my neglected altcoins like I forgot their birthday again.
“Don’t hold your breath. Or do, if you look good in blue.”
Meanwhile, analyst “Darky” stirs things up, suggesting maybe we’re at a Bitcoin dominance peak—cue sparkly altcoin comeback montage? Don’t buy confetti yet, though: Milk Road and other wise cynics are still unconvinced, sitting in the corner with their popcorn.
For those who fancy a pie chart with their heartbreak, Capriole Investments (see *tragedy* below) shows that just 24% of altcoins have outperformed Bitcoin over the last 90 days. That’s less than my chances of keeping a diet past Tuesday. TL;DR: Bitcoin is hogging all the party favors, while the rest of the tokens nibble on carrot sticks.
What Will It Take for Altcoin Season to Actually Arrive? Asking for a Friend…
Some thinkers are pinning the blame on structural market changes that make altseasons about as predictable as British weather. Apollo’s Thomas Fahrer points out that big, boring institutions like BlackRock and MicroStrategy aren’t into fun and games—just stacking Bitcoin like it’s loo roll in a pandemic. They’re holding it forever, not flirting with speculative coin swaps.
Just to twist the knife, Michael Saylor of MicroStrategy has possibly (probably, who are we kidding) hinted at another gobsmacking Bitcoin haul—enough to get their stash to nearly 600,000 BTC. Are they planning to build a golden Bitcoin statue? Who can say. All I know is: another cheerful nudge for Bitcoin prices, more nail-biting for the altcoin crowd.
Conclusion: Altcoins are still that friend in the group chat typing, “On my way!” while Bitcoin is already photobombing every picture from the party. 🚀
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2025-05-05 19:37