The post Is a delayed altseason on the horizon for 2025? appeared on BitcoinEthereumNews.com.

The altseason’s chances saw a setback after the launch of TRUMP. Bitcoin making new highs would likely mean more capital that could be rotated into altcoins. The altcoin season has not yet started. In fact, the chances of one have receded over the past month, as the altcoin season index chart and other metrics clearly show. Conditions were not favorable for the altcoins, and Bitcoin [BTC] also struggled to establish an uptrend in recent weeks. Source: Blockchain Center January and December 2024 were the last two times that the altcoin season reading had moved beyond 75. The index uses the performance of the top 50 crypto assets (excluding stablecoins) and their performance against BTC over 90 days. Over the past 48 hours, the altcoin situation took a turn for the worse. The launch of the Official Trump [TRUMP] memecoin appeared to suck liquidity out of the market. Its market cap reached nearly $19 billion just a day after launch. Despite the 34% pullback in recent hours, the fully diluted value (FDV) still stood at $58 billion, as only 20% of the total supply was in circulation. The quick gains convinced altcoin holders to sell at least a part of their holdings to buy into the new craze. This could bring many eyes to the crypto market but also make the entire industry look like a get-rich-quick scheme. Chances of an altseason in Q1 2025 Source: BTC.D on TradingView The Bitcoin Dominance chart maps BTC’s share of the total crypto market cap, in percentages. An increase in BTC.D means BTC is making more gains (in market cap) than the alts, and a downtrend means altcoins are dominant. In November, the BTC.D saw a sharp rejection from just above 60.5%. It reached 55% but began to reverse and move higher in December…

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Filed under: News - @ January 20, 2025 9:29 pm