- Bitcoin dominance fell sharply from 66.42% to 63.14% after breaking below a rising wedge structure.
- A clear cup-and-handle pattern has formed on the total altcoin market cap chart, nearing breakout level.
- Ethereum’s rotation upward aligns with growing momentum across alternative assets, including memecoins and other Layer 1s.
Bitcoin dominance is plummeting rapidly, leading to a major technical transition in the cryptocurrency marketplace as altcoin adoption gets a foothold. The total market capitalization share of Bitcoin has declined to 63.14% after it broke through major support recently in a short period of time. This breakdown occurred after BTC dominance formed a rising wedge—now invalidated.
In parallel, Ethereum has rotated strongly upward, followed by momentum across several alternative assets. A visible cup-and-handle pattern on the total crypto market cap excluding Bitcoin now points to broader strength across the altcoin sector.
Bitcoin Dominance Falls Through Rising Wedge Formation
A notable structural breakdown occurred in Bitcoin dominance following the failure of a long-standing rising wedge pattern. The wedge, which had been building since early 2024, snapped this week. Consequently, the BTC dominance decreased rapidly by more than 3 percentage points to 63.14%.
In the past, when BTC dominance breaks, flows into Ethereum and other altcoins have increased. The latest drop supports this trend. Technical analysts tracking market cycles had flagged this wedge for several weeks. Its failure adds to expectations for near-term volatility across alternative tokens.
Ethereum Rotation Adds Fuel to Altcoin Momentum
With BTC dominance falling, Ethereum has begun to rotate upward. Its recent breakout aligns with a shift in market allocation. When ETH leads upward during BTC pullbacks or consolidations, altcoins typically respond with greater volatility.
This rotation is not isolated. Multiple Layer 1 assets and memecoins are showing renewed strength. Volume profiles across various pairs confirm increasing activity outside Bitcoin. Notably, this shift coincides with the breakdown in BTC dominance, providing further space for alternative assets to expand their market share.
Cup-and-Handle Pattern Emerges Across Altcoin Market Chart
A larger pattern has now formed on the total altcoin market capitalization chart. The weekly time frame reveals a well-defined cup-and-handle structure. This pattern spans from early 2022 through mid-2025 and mirrors textbook accumulation shapes.
The handle portion, recently completed, coincides with Ethereum’s breakout and the decline in BTC dominance. Historically, breakouts from cup-and-handle patterns are associated with sustained upward movement. The chart projection places the potential target above $2.8 trillion in total altcoin market cap.
Current levels show the breakout nearing the neckline resistance around $1.8 trillion. Price action above this level may confirm the structure. Until then, market participants are observing the alignment of technicals, including the dominance breakdown and strength across non-BTC assets.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed