The post Altcoin Trading Volume Dominance on Binance Hits 78%, Signaling Potential Bull Run appeared on BitcoinEthereumNews.com.

The altcoin market may keep gaining steam in the months to come as retail interest grows. The volume of altcoin trading pairings dominance on Binance hit 77.83% in January 2025. The domination of altcoin trading volume on Binance has reached 78%, which, according to a crypto expert, suggests a substantial possibility of an altcoin bull market in 2025. According to a market assessment by CryptoQuant contributor Burakkesmeci published on January 11th, the altcoin market may keep gaining steam in the months to come as retail interest grows. According to Burakkesmeci, the volume of altcoin trading pairings dominance on Binance hit 77.83% in January 2025, up around 11% over the previous five months. Potential Bull Run Likely According to Burakkesmeci, the steadily increasing number of altcoin trades on Binance supports the idea that there may be a bull market for altcoins in 2025. Since May 2024, when Binance’s altcoin dominance was 50.80%, interest in cryptocurrencies has continuously climbed, according to Burakkesmeci. A 46 out of 100 indicates a trend more consistent with “Bitcoin Season” according to CoinMarketCap’s Altcoin Season Index, which ranks the 100 largest cryptocurrencies by market size and compares them using their rolling 90-day price performances. Traders usually keep an eye on Bitcoin Dominance, a measure that shows Bitcoin’s percentage of the overall cryptocurrency market value, and when it starts to fall, it might mean that altcoin season is about to begin. As of this writing, according to statistics collected by TradingView, Bitcoin Dominance is 57.74%, an increase of 2.41% for the last 30 days. Moreover, a spike in Ethereum’s price, according to traders, might lead to a more general upswing in the altcoin market, as per analysts. Investors’ money gains from Bitcoin are no longer the catalyst for altseason, according to analysts, who also predicted that this market…

---

Filed under: News - @ January 12, 2025 10:21 am