Bitcoin (BTC) maintained its position near record highs on Monday morning, while several altcoins have posted significant gains in recent days—though most remain far below their peak valuations.
Top Altcoin Performers
Avalanche (AVAX) Gains Momentum
- Current Price: $23.67 (+5.8% in 24 hours)
- Catalyst: Following the London Avalanche Summit, FIFA announced the migration of its FIFA Collect NFT platform to Avalanche’s dedicated Layer 1 blockchain.
- Performance: Still 83.7% below its 2021 all-time high.
👉 Discover how Avalanche is revolutionizing blockchain scalability
Worldcoin (WLD) Rallies Amid Controversy
- Current Price: $1.38 (+27.2% weekly)
- Recent Developments: The U.S. government banned citizen participation in Worldcoin’s iris-scanning ID system, but the project expanded its U.S. operations this month.
- Performance: Down 88.2% from its March 2024 peak.
Hyperliquid (HYPE) Hits Record High
- Price: $39.68 (50.4% weekly surge)
- Notable Activity: Trader James Wynn reportedly placed a $1B BTC bet (with heavy losses) via Hyperliquid’s decentralized exchange, later opening $75M BTC long positions.
Broader Altcoin Trends
Other notable movers in the past 24 hours:
- Bittensor (TAO): +6.4%
- Optimism (OP): +5.6%
- Arbitrum (ARB): +4.7%
- Aptos (APT): +5.1%
- Internet Computer (ICP): +4.5%
Despite gains, these assets remain significantly below historical peaks.
Bitcoin’s Dominance and Macro Context
- BTC Price: $109,779 (+2.2%), just shy of its $111,814 ATH.
- Dominance: 61.12% (up from 36.95% in late 2022, per CoinGecko).
- Macro Trigger: U.S. delayed plans to impose 50% tariffs on EU goods, easing market tensions.
👉 Why Bitcoin’s dominance could signal an upcoming altcoin season
FAQ Section
Q: When will the altcoin season begin?
A: Analysts like eToro’s Reece Hobson suggest it may start when Bitcoin’s dominance reaches ~70%, coinciding with quantitative easing policies.
Q: Is Avalanche’s FIFA partnership a game-changer?
A: Yes—it validates AVAX’s utility for large-scale institutional adoption.
Q: Why did Hyperliquid (HYPE) surge?
A: High-profile leveraged trading activity and speculative interest drove momentum.
Q: Are altcoins riskier than Bitcoin?
A: Generally yes, due to lower liquidity and higher volatility, but they offer greater upside during bullish cycles.