Crypto Market Cap Surges Towards $4 Trillion As BTCD Weakens

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11 Jul 2025

Bitcoin Makes A Significant Move
Bitcoin recently surged to a new all-time high of $118K! This move not only marks a significant shift after an extensive period of stagnation, but also signals a breakout above the former resistance, now support, of $ 110K. It’s a significant breakout in terms of the price action and percentage move, and is likely to be retested. However, it is expected to be short and shallow.
Traditionally, the $110K would be retested. However, considering the stage of the cycle, I wouldn’t be surprised if BTC remains above $113K to $115K before making its next significant move. Price action typically moves relatively fast after an extended period of consolidation. This should provide time for altcoins to begin moving higher. Already, many altcoins have rallied by double-digit percentage points.

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These are typically smaller projects and generally fall within the micro-caps sector. As mentioned in a recent post, Silencio is an excellent altcoin to acquire without any investment through recording noise pollution via the Silencio dApp. At the time of writing, Silencio’s SLC token is up 12%, and the market cap has already surged to nearly $5 million in just a few days.
You will note that when I published the article in question six days ago, Silencio’s market cap was below $2 million. Earning DePIN-based tokens, such as Silencio, is a great way to enhance a Crypto portfolio, as holdings can typically be sold at much higher valuations during the peak of Altcoin Season. Altcoins are finally beginning to move. ETH is back at $3K, rallying hundreds of dollars overnight.
It’s a good sign, and one that many have been anticipating with much tested patience. I am particularly interested to see how altcoins perform over the weekend. I believe that further moves higher will be a highly bullish sign. Altcoins have had a tough time this time around and deserve a decent Altcoin Season, in my opinion.
Bitcoin Dominance
Examining the BTCD chart, Bitcoin dominance may have finally peaked at just below 66%, with the current dominance standing at 64.73% at the time of writing. For newcomers, a decrease in BTCD signals an increase in the valuations and, subsequently, market capitalizations of altcoins. This is required for Altcoin Season to commence. While BTCD increases, altcoins either bleed out or, at best, remain stagnant.

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Altcoin bag holders are likely on the verge of their seats. A weekly close below 63% would likely offer a fair amount of hope. However, BTCD has a history of resurging from nowhere. The fact remains that at some point, BTCD will have to surrender its power. If it doesn’t, altcoins will enter a new phase of price action and cyclical behavior altogether. This is not out of the question. However, we hope it’s not the case.

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Final Thoughts
Ultimately, I remain relatively optimistic about altcoins over the next few months. I also expect many DePIN projects to ship to market with TGE events. This will also aid in providing additional fuel regarding the altcoin market cap. I will be watching Peaq and Solana, especially regarding this dynamic. Anyway, let’s see what the weekend has to offer. Catch you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in my receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.