According to Mihir (@RhythmicAnalyst), the dominance of altcoins over Bitcoin has started, signaling a potential shift in trading opportunities. The duration of this trend will depend on movements in the BTC dominance chart, which traders should monitor closely for reversals or further declines. Currently, Mihir notes this is a favorable period for selected altcoins, implying that careful selection and analysis of altcoin projects are key for maximizing gains. This shift in dominance may affect portfolio allocations and highlights the importance of tracking both altcoin performance and Bitcoin market strength for optimal trading strategies (Source: Mihir on Twitter, May 9, 2025).

According to Crypto Rover, the US dollar is experiencing a sharp decline, leading to an increase in altcoin dominance. This shift indicates that investors are redirecting funds from traditional fiat currency into the altcoin market. Traders should monitor altcoin trading volumes as this trend could present opportunities for profit. Source: Crypto Rover's Twitter.