Bitcoin dominance steadies at 64% as altcoins eye a potential rebound

Analysts note that Bitcoin’s market share has settled between 64% and 70%, a level that historically preceded strong gains for alternative cryptocurrencies in 2018 and 2021. The cryptocurrency’s price is trading in the $55,000‑$70,000 range, showing bullish divergence on the weekly RSI and a falling‑wedge pattern that could signal a reversal.

Technical charts are prompting discussion of a new altcoin cycle after months of underperformance. Projects such as XRP, HYPE, Zcash (ZEC), SUI and Internet Computer (ICP) have reappeared on watchlists, buoyed by active development, ecosystem growth and liquidity. While past cycles do not guarantee future results, the convergence of technical signals and a possible break below the 64% Bitcoin‑dominance ceiling is being interpreted as a catalyst for renewed investor interest in these altcoins.