{"id":27351,"date":"2025-05-18T11:47:16","date_gmt":"2025-05-18T11:47:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27351"},"modified":"2025-05-18T11:47:16","modified_gmt":"2025-05-18T11:47:16","slug":"bitcoin-dominance-dives-in-may-as-altcoins-form-golden-cross","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27351","title":{"rendered":"Bitcoin Dominance Dives in May as Altcoins Form Golden Cross"},"content":{"rendered":"<div>\n<p>It\u2019s a sign of a bullish market for all crypto assets that are not called BTC. Last time this happened in 2021, a bevy of popular altcoins returned cryptocurrency buyers 28,000% by the end of the market cycle.<\/p>\n<h2>Bitcoin Dominance Takes 4% Spill<\/h2>\n<p>Bitcoin\u2019s market share <a href=\"https:\/\/www.tradingview.com\/symbols\/BTC.D\/?timeframe=6M\" data-wpel-link=\"external\" target=\"_blank\">fell from<\/a> 65% to 61% between May 7 and May 13, according to TradingView. Markets haven\u2019t seen that 65% level of BTC dominance over altcoins since 2021.<\/p>\n<p>That year was the altseason, as crypto veterans like to call it, that launched Dogecoin\u2019s price tens of thousands of percent upward in under 12 months.<\/p>\n<p>Meanwhile, in 2021, a\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">$100 Shiba Inu investment <a href=\"https:\/\/www.nasdaq.com\/articles\/if-youd-invested-%24100-in-shiba-inu-at-the-start-of-2021-heres-the-mind-blowing-amount-youd\" data-wpel-link=\"external\" target=\"_blank\">went from<\/a> Jan. 1, 2021, to over $14 million by Mar. 2023. Two unemployed Millennial brothers from Westchester, NY,\u00a0<a href=\"https:\/\/cryptopotato.com\/how-to-become-a-bitcoin-millionaire-5-key-guidelines\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">invested $8,000<\/a> in Shiba Inu that year<\/span>\u00a0after a family friend told them about it.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">There are hundreds of trillions of dollars out there.<\/p>\n<p>There are only 21 million <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Bitcoin<\/a>.<\/p>\n<p>Do the math.<\/p>\n<p>\u2014 Samson Mow (@Excellion) <a href=\"https:\/\/twitter.com\/Excellion\/status\/1920599548272992269?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">May 8, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Bitcoin boosters like to say: Do the math.<\/p>\n<p>While a 4% dip in Bitcoin dominance may seem like a small fraction, the numerator here is a global Internet currency with a two trillion dollar market cap on May 7.<\/p>\n<p>That\u2019s something like an $80 billion dip in market share against altcoins over six days in May. Furthermore, Bitcoin\u2019s price and market cap grew by 7% during those six days, even as its wedge on the pie chart shrank.<\/p>\n<h2>Altcoins Form Bullish Golden Cross<\/h2>\n<p>Meanwhile, an index of altcoin prices formed a golden cross in May, potentially signaling bullish momentum into a prolonged bull run.<\/p>\n<p>As one popular crypto YouTube analyst reported on May 13, the total altcoin market cap for major currencies has formed a golden cross. That\u2019s when a shorter-term moving average crosses from below to above a longer-term moving average.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Altseason incoming. golden cross hit.<\/p>\n<p>Last time this happened in 2021, alts went +28,000%<\/p>\n<p>2025 just did the same.<br \/>\nif you fumble this run, you deserve to stay broke.<\/p>\n<p>Don\u2019t fade the rotation.<a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#altcoins<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bullrun?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#bullrun<\/a> <a href=\"https:\/\/t.co\/ZZp7z2nrcT\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ZZp7z2nrcT<\/a><\/p>\n<p>\u2014 Bitcoin Duniya (@bitcoin_duniya) <a href=\"https:\/\/twitter.com\/bitcoin_duniya\/status\/1922298587771236863?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">May 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The moving average for a cryptocurrency is the periodically updated average of all its prices over a previous period. Traders use that to get a sense of the market\u2019s inertia.<\/p>\n<p>If the last market cycle\u2019s performance repeats on this round, the total altcoin market cap could exceed $5 trillion sometime by 2026. <a href=\"https:\/\/cryptopotato.com\/these-5-altseason-indicators-are-all-in-alignment-is-it-go-time-for-altcoins\/\" data-wpel-link=\"internal\">Here are<\/a> five more signals that altseason may soon commence.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-dominance-dives-in-may-as-altcoins-form-golden-cross\/\" rel=\"nofollow\">Bitcoin Dominance Dives in May as Altcoins Form Golden Cross<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a sign of a bullish market for all crypto assets that are not called BTC. Last time this happened in 2021, a bevy of popular altcoins returned cryptocurrency buyers 28,000% by the end of the market cycle. Bitcoin Dominance Takes 4% Spill Bitcoin\u2019s market share fell from 65% to 61% between May 7 and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27351","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27351"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27351\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}