The Crypto Market is Hotter Than Ever: BTC Hits a New Peak, Altcoins are "Heating Up" Ready to Take Off

The cryptocurrency market is entering a period of excitement as Bitcoin officially establishes a new historical price peak at $111,861.22. BTC's boom has led to a wave of market-wide growth, pushing the total crypto market capitalization to $3.51 trillion, up 3.56% in the last 24 hours. Trading volume also recorded a spike of more than 62%, reaching $192.3 billion, indicating that investor participation is increasing sharply. The euphoria is evident in the Fear & Greed Index, which is currently at 73 – Greed (Tham lam), reflecting the optimistic sentiment that pervades the investor community. Bitcoin: The Engine Driving the Market Rise to the Sky Currently, Bitcoin is trading around the $111,486.13 mark, up 8.34% in just one day. BTC's 24-hour trading volume also increased sharply by 82.64%, reaching $89.74 billion. This is a signal that a large flow of money is pouring into Bitcoin. However, it is noteworthy that the dominance rate of BTC remains around 63% over the past 30 days – currently at 63.90%. Nevertheless, BTC dominance has broken the rising wedge pattern on the daily chart – a technical signal that potentially indicates a bearish trend for this index, and serves as a signal paving the way for Altcoin Season. Altcoin Season: Signals Are Forming Although the Altcoin Season Index currently only reaches 24/100 according to CoinMarketCap – meaning it has not officially entered altseason – the conditions are gradually converging: Important technical levels: BTC Dominance needs to drop below 61.94% to create an early signal for the altcoin season. If it breaks down below 60.24%, this will be a clear confirmation for altseason. The price of BTC should remain stable or increase slightly, avoiding strong corrections to maintain confidence and cash flow across the market. History has proven: whenever BTC breaks its previous high by more than 10%, altcoins often rise to the sky by 50% to 200% within just 2–4 weeks thereafter. The Main Drivers Behind the Recent Rise to the Sky Donald Trump's fundraising party featured many influential figures in the crypto world. JPMorgan officially entered the Bitcoin options market, ushering in a wave of institutionalization. The U.S. Senate announced the GENIUS Act, creating a more positive legal framework for digital assets. ETF funds continue to buy heavily, with over 3,120 BTC absorbed in just a few days. Current Strategy According to CryptoBusy, the smart strategy at this time is for Bitcoin to lead the trend, while gradually accumulating quality altcoins that have not risen sharply. Names with good foundations, medium and low capitalization, and have not broken through in the recent rally are potential opportunities. Summary The crypto market is in one of the most exciting periods in history, with the participation of both retail and institutional cash flows. Although the altseason has not officially started, technical indicators and market sentiment are leaning towards the possibility of a major explosion occurring soon. Keep a close eye on Bitcoin's dominance levels, maintain investment discipline, and prepare for an explosive altcoin season!