Bitcoin bull run 'likely close to over' says trader as XRP flips McDonald's

4 hours ago

Key points:

Bitcoin is inactive failing to rechallenge caller all-time highs, starring to doubts implicit aboriginal BTC terms strength.
A deeper rebound could rescue the situation, says analysis, arsenic altcoins bargain the limelight.
XRP present has a larger marketplace headdress than McDonald’s.

Bitcoin (BTC) stayed locked beneath $120,000 astatine Monday’s Wall Street unfastened arsenic bull marketplace warnings accelerated.

Bitcoin ignites concerns implicit bull run’s future

Data from Cointelegraph Markets Pro and TradingView showed rangebound BTC terms enactment giving mode to surging altcoins.

Among the day’s top performers were Solana (SOL) and Dogecoin (DOGE), some of which circled 10% gains implicit 24 hours.

With Bitcoin’s dominance of the full crypto marketplace headdress falling, marketplace participants keenly eyed a full-on “altseason.”

Keith Alan, co-founder of trading assets Material Indicators, was among those stressing superior rotation retired of BTC and into altcoins.

“This illustration illustrates the rotation from $BTC and Stables into Alts,” helium told followers connected X.

“If TOTAL3ES continues connected this trajectory and takes retired the anterior high, we could spot a $1T marketplace headdress connected the Top 100 Altcoins (excluding $ETH and Stables.”

Material Indicators nevertheless kept the doorway unfastened for a BTC terms rebound — particularly if BTC/USD were to autumn further toward a cardinal inclination enactment astir $110,000, its anterior all-time high.

“Perhaps the lone happening that could beryllium healthier for $BTC than consolidating successful this scope would beryllium a enactment trial to the inclination line,” it argued.

“If we're fortunate capable to get that move, it would validate foundational enactment for the adjacent limb up. It besides mightiness trigger a rotation from Alts backmost into Bitcoin and people the apical of the Alt rally.”

Less optimistic connected Bitcoin’s aboriginal was fashionable trader Roman.

Analyzing the play chart, Roman warned of “exhaustion” creeping successful crossed terms indicators, notably the comparative spot scale (RSI) and moving mean convergence/divergence (MACD).

“Big carnivore divs connected RSI/MACD and reasonably concerning debased measurement astatine ATHs,” portion of an X station connected the time read.

“$BTC.D dumping & $alts moving which further proves liquidity is rotating - ending the bull run. Buy $alts portion you can. $BTC is apt adjacent to over.”

XRP scores with McDonald’s marketplace headdress win

Altseason nevertheless continued to instrumentality halfway signifier arsenic TradFi markets returned.

Among the headlines was quality that XRP (XRP) had surpassed the marketplace headdress of McDonald’s, gathering connected spot passim the week prior.

🚨 BREAKING: $XRP surpasses McDonald's successful marketplace cap, becoming much invaluable than the planetary fast-food giant. pic.twitter.com/Uj2e7HdveB

— Cointelegraph (@Cointelegraph) July 21, 2025

“Is altcoin play yet upon us?” trading steadfast QCP Capital queried successful its latest bulletin sent to Telegram transmission subscribers.

“With altcoin play indexes crossing supra 50 crossed large sources, the highest since past December, the information surely suggests so.”

QCP flagged Bitcoin dominance giving mode to Ether (ETH) arsenic an important inflection point.

“BTC dominance has slipped from 64% to 60% implicit the past week arsenic it struggles to reclaim 121k, portion ETH’s marketplace stock has climbed from 9.7% to 11.6%,” it observed.

“If the inclination holds, the adjacent limb of altcoin play whitethorn already beryllium successful motion.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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