The cryptocurrency market shows hints that an 'altseason' may be emerging, as altcoins have recently posted triple-digit returns while Bitcoin and USDT dominance fall. Key indicators are suggesting May 2025 could mark a broader altcoin rally. The total market capitalization of all cryptocurrencies, excluding Bitcoin, has broken through a significant downtrend, indicating potential upward movement. Bitcoin dominance has decreased notably, marking the steepest drop since late 2024, which typically signals a shift of funds from Bitcoin into altcoins. Analysts have observed a bearish divergence for Bitcoin dominance, reinforcing the notion that it has peaked. Furthermore, USDT dominance has dropped to its lowest point since February, reinforcing capital rotation into Bitcoin and altcoins. In the past week, major altcoins like Ether and XRP have seen substantial gains compared to Bitcoin, suggesting a favorable environment for altseason as many altcoins remain significantly below their all-time highs. If trends persist, it may indicate a robust recovery for these assets.

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