- Bitcoin (BTC) hits new ATH over $111K, pushing total crypto market cap to $3.51 trillion amid “Greed”.
- Total3 altcoin chart shows bullish MACD and RSI, eyeing breakout above $930B towards $1T target.
- Arthur Hayes and falling Bitcoin dominance suggest an altcoin season is imminent as BTC surges.
As Bitcoin soars to a fresh all-time high of $111,861.22, the cryptocurrency market as a whole surged to a $3.51 trillion valuation–a 3.95% jump in the past 24 hours fueled by a mix of macro catalysts and a healthy dose of retail exuberance.
With the closely watched Fear & Greed Index at 73 (“Greed”) and trading volumes skyrocketing over 53.66% to $191 billion, the spotlight now turns to altcoins.
Total3 Chart Analysis: Altcoin Market Readies for Breakout
The Total3 chart (total crypto market cap excluding BTC and ETH) is showing compelling bullish signals. The current market cap is at $916.89 billion and the MACD indicator shows a bullish crossover with strong histogram expansion–a classic signal of upward momentum.
Meanwhile, the RSI is hovering above 63, indicating strength but not yet overbought, suggesting more room for a rally.
Fibonacci Levels Key as Altcoins Approach $1 Trillion Target
The Total3 chart’s trajectory has decisively broken above the 0.618 level at $898 billion and is now approaching the 0.786 Fibonacci level ($928.84 billion). A clean breakout above $930B would open the door toward the Fibonacci 1.618 target at $1.08 trillion.
Additionally, the recent higher low formed at $785 billion aligns with a bullish continuation pattern. If sustained, this sets the stage for an altcoin-led breakout, especially if BTC dominance continues to slide.
Market Sentiment and Fundamentals
Arthur Hayes, co-founder of BitMEX, recently pointed out at Token2049 that the altseason could kick in after Bitcoin crosses $110,000–a level it now has clearly breached. According to Hayes, the surge in Bitcoin to $150K–$200K could trigger profit-taking, fueling altcoins.
Related: BTC’s ATH, ETH’s Coil Form “Perfect Storm” For Altcoins: Analyst
Meanwhile, Bitcoin dominance is showing signs of reversal after breaking down from a rising wedge–a pattern often signaling a trend change. Currently sitting at 63.90%, the critical breakdown levels to watch are:
- 61.94%: Early sign of altseason.
- 60.24%: Confirmation of full-fledged altseason.
Related: 4 Underrated U.S. Altcoins with Strong Fundamentals to Watch in 2025
Historically, once Bitcoin surpasses its ATH by 10% or more, altcoins have rallied 50–200% within 2–4 weeks and the market is now entering that window.
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