Altcoin
Crypto Analyst Begins Countdown To Altcoin Season Of 2025, You Won’t Believe How Close It Is
Many crypto analysts and investors are still eagerly anticipating the arrival of a full-blown altcoin season in this market cycle. While some surges have been observed in individual altcoins like Solana and XRP, the broader alt market has yet to see the kind of explosive rally that characterizes an official altcoin season.
This delay is largely attributed to Bitcoin’s continued dominance, which has remained strong despite periodic pullbacks. However, one analyst has now begun the countdown, predicting that the long-awaited altseason is just days away.
Crypto Analyst Predicts Altcoin Season Will Begin In Just Three Days
Bitcoin dominance is still near cycle highs and the market has yet to confirm a definitive shift, but technical analysis suggest that altcoins may soon gain momentum. According to the Bitcoin Dominance Chart from Coinmarketcap, Bitcoin’s dominance is currently at 60.2%, having recently reached a multi-year high of 61% on February 8.
However, according to a crypto analyst known pseudonymously as Pepa (@moonshilla) on social media X, the next official altcoin season is about to kick off within the next three days. Taking to the social media platform to start the countdown, the analyst noted that alts have three days and seven hours before lift-off.
The post was accompanied by a chart of the total altcoin market cap against Bitcoin (OTHERS/BTC), showing that the price action recently touched the lower trendline of a multiyear ascending channel. This trendline has historically been a key inflection point, with a bounce from here preceding the last two altseasons in previous cycles. If the pattern holds, a strong reversal to the upside could be in play for the altcoin market cap.
Historical Patterns Suggest February 14 Could Be The Start
Backing up the prediction, Pepa pointed to historical trends in previous market cycles. In an earlier post, the analyst laid out a timeline of past altcoin seasons, noting that major alt surges have occurred in the year after Bitcoin’s halving event.
According to this data, the first altcoin season began on February 14, 2017, following the 2016 Bitcoin halving. The second alteason kicked off on January 1, 2021, after the 2020 halving. Now, the next projected start date for altcoin season is February 14, 2025, and we could see a potential repeat of the 2017 cycle. Interestingly, this observation is based on a 44-day chart, with the next 44-day candle set to open in just five days.
Despite the analyst’s countdown, alteason cannot truly materialize until Bitcoin dominance begins to weaken. Currently, Bitcoin dominance sits near multi-year highs, meaning that BTC continues to attract most of the capital inflows as it looks to break above $100,000 again.
Additionally, Ethereum’s performance relative to Bitcoin has historically been a precursor to broader altcoin rallies. If ETH/BTC shows strength, it could confirm that the market is shifting in favor of alts. At the time of writing, Ethereum is testing a key support on the ETH/BTC price chart. A bounce from here could be the first step in a new altseason.
Featured image from Adobe Stock, chart from Tradingview.com
A crypto market crash has occurred, with Bitcoin, Ethereum, XRP, and the Dogecoin price witnessing significant declines. This price decline came following the Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee.
Crypto Market Crash: Why BTC, ETH, XRP, And DOGE Are Dropping Today
CoinMarketCap data shows that Bitcoin, Ethereum, XRP, and Dogecoin have suffered significant price declines following a crypto market crash. This occurred following Jerome Powell’s testimony before the Senate Banking Committee, which was bearish for risk assets.
Powell said there is no need to hurry to adjust the current economic policy. He further remarked that they want to make more progress on inflation before pivoting.
These statements from the Fed Chair again highlighted the hawkish stance that the US Central Bank is currently adopting in terms of its monetary policy. This is bearish for risk assets like Bitcoin, Ethereum, XRP, and Dogecoin since the Fed is unlikely to cut interest rates anytime soon.
It is worth mentioning that Powell had made some positive remarks for the market, including affirming the Central Bank’s commitment to end debanking. He also revealed that they don’t plan on making a Central Bank Digital Currency (CBDC).
However, these remarks weren’t enough to stop the crypto market crash, as Powell’s hawkish speech quickly sparked a wave of sell-offs. The Bitcoin price could quickly dropped below the $97,000 support level and is at risk of falling below $95,000 at the time of writing.
Coinglass data shows that over $200 million has been liquidated from the crypto market in the last 24 hours, with long positions taking the most hit.
Donald Trump’s Contribution To The Market Decline
US President Donald Trump has also contributed to the crypto market crash with the tariffs he has implemented since he took office on January 20. Yesterday, Trump announced a 25% tariff on aluminum and steel imports.
The US president has promised to impose certain tariffs on the European Union, to which the EU has also responded that it will retaliate with tariffs of its own. These developments have raised concerns about trade wars, which are bearish for the crypto market. China already retaliated by imposing taxes on certain US imports.
As Coingape reported, Trump revealed last week that he plans to announce ‘reciprocal tariffs‘ this week on countries that have imposed unfair taxes on the US. This move could also negatively impact the market and lead to further declines.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In an astonishing development, Franklin Templeton has joined the Solana ETF rally, submitting documents in the US state of Delaware. By registering the Franklin Solana Trust entity, the asset manager has initiated procedures for its spot Solana ETF launch.
Notably, the move comes following the Securities and Exchange Commission’s (SEC) acknowledgment of Canary Capital’s Solana ETF application. While many investment firms are vying to launch altcoin ETFs, the community keenly awaits the SEC’s potential moves.
Franklin Templeton Registers Solana ETF in Delaware
In a recent filing, Franklin Templeton, a US-based global investments firm, submitted documents in the US state of Delaware to launch its Solana ETF. As an initial step towards the ETF launch, the asset manager registered the Franklin Solana Trust entity in Delaware, joining the rally of Solana ETFs.
While Franklin Templeton follows the footsteps of several other investment firms, including Grayscale and Canary Capital, this shows the increasing institutional demand for Solana. Commenting on Solana’s growing adoption, FOMO HUNTER, a prominent crypto voice on X, stated,
Solana ETF filings are heating up. Franklin joining the race adds momentum, but remember, regulatory approval is just the start.
What is Franklin Templeton’s Crypto Index ETF?
Recently, Franklin Templeton submitted an amended S-1 filing to the SEC, seeking regulatory approval for its Franklin Templeton Crypto Index ETF.
Although the fund initially plans to track its Bitcoin and Ether ETFs, it will eventually expand to include other altcoins. The platform stated in the filing, “The fund currently may not hold any digital asset other than bitcoin and ether. It is uncertain whether any digital assets other than bitcoin and ether may in the future be added to the Underlying Index.”
However, Franklin Templeton could add new cryptocurrencies to the Crypto Index ETF only after the SEC approved a similar ETP or fund for that asset.
Asset Managers Await SEC Approval for Solana ETFs
Notably, VanEck was the first platform to apply for a Solana ETF back in June 2024. Since then, several platforms, including Grayscale, Canary Capital, Bitwise, and 21Shares joined the rally, filing for spot Solana ETFs.
Last month, the SEC officially acknowledged Grayscale’s 19b-4 filing to list and trade its Solana Trust on NYSE Arca. With this, the SEC has opened a 21-day public comment period on a $102.8 million Solana-based fund. After the comment period, the SEC will decide whether to approve, reject, or further review the application.
In the latest update, the SEC acknowledged Canary Capital’s filing, signaling the regulator’s potential approval of the ETF. However, the SEC’s classification of Solana as an unregistered security casts shadow over the move. According to Bloomberg analysts Eric Balchunas and James Seyffart, ETFs for Litecoin and Hedera are more likely to receive SEC approval ahead of those for Solana and XRP.
Solana Price Dips Despite Increasing Institutional Interest
Despite growing institutional interest in Solana, the price continues to dip, currently trading at $196.57. The token has marked notable declines of 3.34% and 9.99% over the last day and last week, respectively.
Boasting a market cap of $95.94 billion, Solana is ranked 5th on CoinMarketCap. However, its 24-hour trading volume contrasts with the increasing institutional demand. Currently, Solana’s volume is recorded at $3.81 billion, down by 14.03%.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
North Carolina is making a significant stride toward the integration of Bitcoin into its financial strategy. A recently introduced bill aims to enable the state treasurer to allocate a portion of public funds to digital assets, with a particular emphasis on BTC exchange-traded products (ETPs).
North Carolina has become the 20th state in the United States to investigate legislation that pertains to Bitcoin reserves as a result of this action.
10% Of Budget To Bitcoin Investments
The intent of House Bill 92 (HB 92), also known as the “NC Digital Assets Investments Act,” is to empower the state treasurer to allocate up to 10% of state-managed funds into crypto-backed ETPs.
BREAKING:
🇺🇸NORTH CAROLINA INTRODUCES STRATEGIC BITCOIN RESERVE BILL.
IT AIMS TO BECOME FIRST U.S STATE TO BUY BITCOIN. pic.twitter.com/5uWD1xw0tx
— CryptoJack (@cryptojack) February 11, 2025
House Speaker Destin Hall, Representatives Mark Brody, and Steve Ross, introduced the measure, which proposes to diversify the state’s investments by incorporating cryptocurrency exposure.
According to Dan Spuller, Blockchain Association chief of Industry Affairs, Hall is “one of NC’s most powerful leaders.”
To provide context, the potential for billions of dollars to enter the digital currency markets if North Carolina were to invest the entire 10% of its eligible funds is significant. This allocation could result in the procurement of tens of thousands of BTC, given that the flagship coin’s current price is approximately $98,000+.
As promised, North Carolina’s Strategic Bitcoin Reserve legislation was introduced today.
This is a big deal. Let me explain:
📜 HB 92 bill was personally introduced by House Speaker @DestinHall—one of NC’s most powerful leaders. Top of the food chain.
It will directly… pic.twitter.com/QtS6Kj8CKu
— Dan Spuller (@DanSpuller) February 10, 2025
The Growing Influence Of Crypto In State Investments
North Carolina’s action is indicative of a more general trend in the United States, wherein states are increasingly supportive of Bitcoin as an investment-grade asset.
Other states, such as Florida, Utah, and Texas, have either introduced comparable legislation or are currently conducting assessments of crypto investment strategies.
BTCUSD trading at $98,011 on the daily chart: TradingView.com
Some of the main reasons for the growing interest are Bitcoin’s potential to operate as an inflation hedge and its expanding institutional acceptance.
Bitcoin is presently being considered a more viable option for institutional portfolios due to its market capitalization nearing $2 trillion. The passage of HB 92 in North Carolina could further legitimize state-level Bitcoin investments and expedite similar initiatives across the country.
Potential Advantages And Obstacles
Supporters of the measure contend that the allocation of funds to Bitcoin-backed ETPs could generate substantial returns and establish North Carolina as a leader in financial innovation.
Proponents also emphasize crypto’s historical performance, which has experienced an average annual growth rate of over 50% over the past decade.
Nevertheless, not all individuals are in agreement. Critics reference the volatility of Bitcoin, the regulatory uncertainties, and the dangers associated with linking public funds to digital assets. In recent years, BTC has experienced a significant increase, but it has also experienced significant declines, which has raised concerns about financial stability.
Featured image from Gemini Imagen, chart from TradingView
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