Long-term Bitcoin holders now control a record 14.53 million BTC, tightening supply as institutional demand rises despite geopolitical tensions.

Bitcoin becomes less volatile than stocks in the Iran-Israel conflict: Data

The Bitcoin dominance has hit a new cycle high, providing a bearish outlook 
for altcoins and any potential altcoin season. Crypto analyst Finsends has 
commented on this development and how it could affect the altcoin season 
moving forward. What’s Next As Bitcoin Dominance Hits New High? In an X post, 
Finsends stated that the Bitcoin dominance has made a new high and that it 
feels like it can never go down again. However, he opined that there should be 
a bigger correction starting somewhere around the current levels. The analyst 
added that the potential target area for a top in this scenario goes up to 
68.56%. Related Reading: Rising Bitcoin Dominance Above 64% Dashes Hopes Of 
Altcoin Season, Here’s Why His accompanying chart showed that the Bitcoin 
dominance could hit this projected top of 68.56% in July, after which a 
decline would begin. Based on the chart, the BTC.D could drop to as low as 48% 
on this decline, paving the way for a potential altcoin season. If so, then 
altcoins could witness significant gains in the second half of the year and 
outperform BTC in the process. In an X post, crypto analyst Michaël van de 
Poppe also commented on the rising Bitcoin dominance and a potential altcoin 
season. He noted that the altcoin season indicator has hit its lowest number 
in two years. The analyst added that the lows of this indicator over the last 
six years were in June or July. Based on this, he remarked that there seems to 
be a pattern since the indicator has hit a low again this June. Michaël van de 
Poppe didn’t predict when exactly altcoin season could begin or if the Bitcoin 
dominance would top anytime soon. However, before now, he had expressed 
confidence that the alt season would still happen. The analyst noted that the 
last cycle was also called a Bitcoin cycle until altcoins started to run and 
heavily outperformed. What Needs To Happen For Altcoins To Take Off In another 
X post, Michaël van de Poppe stated that altcoins are in need of an upward 
push from Ethereum, and that this needs to happen through a push of Bitcoin. 
He further remarked that once the BTC price bottoms out, that is a very likely 
moment for Ethereum to continue outperforming the flagship crypto, with the 
Bitcoin dominance declining. Related Reading: Analyst Calls Start Of Altcoin 
Season Amid Deviation Of Cyclical Lows – Details The analyst believes that 
altcoins would start “shining” when the next leg upwards for Ethereum takes 
place, possibly ushering in altcoin season. He declared that once altcoins 
start to shine, market participants can expect them to heavily outperform the 
markets. However, for now, Michaël van de Poppe believes investors need to 
have some more patience. At the time of writing, the Bitcoin price is trading 
at around $101,700, down in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin SeasonBitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season

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Dow Jones up 200 points despite Iran’s soft retaliation

Tron bounces back amid a spike in activity as Tether mints more reserves.

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The digital assets subcommittee in the Senate will hold a Tuesday hearing to 
discuss a bipartisan effort to establish a crypto market structure.

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Amidst the Mideast conflict, the venture capitalist and entrepreneur from 
Silicon Valley, Tim Draper, articulated that in these precarious times, one 
asset remains “valuable everywhere, bitcoin.” Draper Says Bitcoin’s the Real 
Refuge in a World on Fire An influential figure in the venture capital sphere, 
Tim Draper, who established Draper Associates and Draper University, holds […]