Bitcoin Market Dominance Drops by 3.4%, Altcoin Season Index Rebounds to 36 | Gate Research
Bitcoin Market Dominance Drops by 3.4%, Altcoin Season Index Rebounds to 36 | Gate Research
BTC rose 0.91% in the past 24 hours, reaching $104,550. Last week, BTC ETFs saw a net inflow of $920 million, marking the third consecutive week of inflows. This consistent capital inflow signals optimism in the market. ETH rose 3.58% over the past 24 hours to $2,550.98, with its market dominance rebounding significantly from a low of 7% last week to 9%. Altcoins broadly gained over the past week, with strong performance from AI agent and meme sectors. On the Solana chain, meme coins like MOODENG, GOAT, and CHILLGUY saw sharp increases, with MOODENG up over 10x for the month. Former AI agent star tokens like PIPPIN, SWARMS, and GRIFFAIN also surged, with most rising over 200% from their recent lows. The Fed’s balance sheet reduction is slowing down, with the current size shrinking to $6.7 trillion.
Market Overview: Bitcoin rose 0.91% to $104,550 USDT; Ethereum rose over 3.58% to $2,550.98 USDT.
Top Tokens: The top-performing altcoins in the past 24 hours were MOODENG (+130.2%), PIPPIN (+88.5%), and GOAT (+50.2%).
Alpha Insights: Bitcoin’s dominance fell 3.4% over the past week, now at 61.9%; the Fed’s balance sheet reduction is slowing, now down to $6.7 trillion.
New on Gate Launchpad: Metaverse gaming platform Puffverse on the Ronin chain will launch on Gate Launchpad. Users can participate in the token sale from May 13, 2025, 11:00 to May 16, 2025, 20:00 (UTC+8).
Explore Today’s Insights → Bitcoin Market Dominance Drops by 3.4%, Altcoin Season Index Rebounds to 36 | Gate Research
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