Bitcoin miners strategically curtailed operations in June to avoid costly peak demand charges in Texas, sacrificing short-term production for lower costs.

Bitcoin miner production falls in June on power curtailment, weather

decoagro is partnering with Tether to explore the use of its renewable energy 
generation for bitcoin mining in Brazil. This initiative will enable Adecoagro 
to redirect excess energy, currently sold at spot market prices, into a new 
revenue stream: bitcoin. Tether and Adecoagro Partner to Establish Green 
Energy Bitcoin Mining Operation in Brazil Tether, one […]

Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil

The wait for altcoin season continues as the crypto market is still showing 
signs of bearish movement. Expectations are high that the altcoin market will 
begin to rally soon, but not everyone is optimistic that the altcoin season is 
coming. One of those is market analyst and expert Stockmoney Lizards, who has 
said that it is not happening soon. Altcoin Season Is Not Happening Soon In an 
X (formerly Twitter) post, Stockmoney Lizards informed their over 160,000 
followers that the altcoin season could not be happening anytime soon. The 
analyst said that it is “not even remotely close”, pointing to the rising 
Bitcoin dominance as the reason why the altcoin season is still far off. 
Related Reading: Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin 
Sideways Movement Analyzing the chart, the market expert explains that despite 
the Bitcoin dominance having fallen by around 2%, it still doesn’t mean much. 
This is because the dominance is still very strong and continues to trade 
inside the channel. This channel also charts a possible increase in the 
Bitcoin dominance from here, which would be detrimental for altcoins. So far, 
the Bitcoin dominance has also managed to hold above 65%. While this is not 
the highest it has ever been, it is still incredibly high, with previous 
altcoin seasons not happening until the dominance had fallen toward 40%. The 
analyst doesn’t entirely rule out the possibility of an altcoin season, saying 
it will still come. However, for now, Bitcoin continues to dominate, as he 
explains that “BTC is the measure of all things.” Altcoin Dominance Reaches 
2021 Levels As the Bitcoin dominance has risen and the altcoin dominance has 
fallen, they have gone toward levels not seen in years. For example, the last 
time the Bitcoin dominance was above 65% was back in 2021 before it crashed to 
usher in the altcoin season, according to data from CoinMarketCap. Related 
Reading: AI Founder Puts XRP Price As High As $20-$30 Even worse is the 
Ethereum dominance, which has dropped to 5-year lows. Sitting at only 8%, it 
is now at levels recorded back in 2020 before the market rebounded from the 
COVID-19 crash. This has greatly diminished Ethereum’s ability to pull the 
altcoin market up with it. In the same vein, the altcoin dominance, excluding 
Ethereum, has now dropped to 26%. The last time that the OTHERS dominance was 
this low was in 2021. However, this was right around when the altcoin season 
was starting, suggesting that the current market could be at the cusp of 
another altcoin run. Nevertheless, for there to be any sustainable altcoin 
season, the Bitcoin dominance must first crash. Going by what happened back in 
2017 and 2021, at least a 40% crash in the Bitcoin dominance is required to 
usher in the altcoin season. Featured image from Getty Images, chart from 
TradingView.com

Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says

Türkiye is at the formation of a new economic paradigm that values 
transparency, decentralization, and global participation.

The evolving crypto landscape in Türkiye: A strategic outlook | Opinion

Bet on the 2025 Formula 1 season’s biggest races with our updated July guide 
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Top Online Formula 1 Betting Sites with Bitcoin in 2025 [Bet on the British Grand Prix!]

Bitcoin has historically made double-digit gains in weeks after major US debt- 
boosting bills are signed — will history repeat in 2025?