{"id":43590,"date":"2026-05-06T11:55:28","date_gmt":"2026-05-06T11:55:28","guid":{"rendered":"https:\/\/financialrush.com\/?p=43590"},"modified":"2026-05-06T11:55:28","modified_gmt":"2026-05-06T11:55:28","slug":"bitcoin-shoots-past-82k-fuels-altseason-speculation","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=43590","title":{"rendered":"Bitcoin Shoots Past $82K, Fuels Altseason Speculation"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\tAltcoin trading volume on Binance has risen from 31% to 49% of combined BTC and ETH volumes over the past two months.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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Today, bitcoin (BTC) neared $83,000, a level it hasn\u2019t seen since late January.<\/p>\n

And according to on-chain analytics firm Santiment, the uptick has positively affected market sentiment, helping push up the prices of several tokens and stirring whispers that altcoin season may be coming.<\/p>\n

Altcoins Are Stirring After Bitcoin Clears Key Level<\/h2>\n

Data shared by Santiment on May 6 showed<\/a> tokens such as Toncoin (TON), Internet Computer (ICP), Cardano (ADA), SUI, ONDO, and Hyperliquid (HYPE) opening<\/a> the week in positive territory.<\/p>\n

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\u201cSome mild whispers of altseason are beginning to emerge,\u201d wrote Santiment. \u201cBitcoin\u2019s own emergence above $81.7K has allowed profits to begin trickling into long-dormant projects.\u201d<\/p>\n<\/blockquote>\n

Its internal screener showed daily gains of up to 17% for ICP and 16% for TON, while ONDO and ADA posted more modest moves near 5%.\u00a0On a seven-day view, ONDO climbed roughly 23%, ICP added 16%, and Dogecoin (DOGE) gained around 15%.<\/p>\n

One of the biggest performers was Zcash (ZEC), which went up by nearly 40% in the last 24 hours and 76% over the past week, per CoinGecko data.<\/p>\n

Analyst Darkfost also shared<\/a> some information regarding the altcoin setup, pointing out that their market cap, excluding Bitcoin and Ethereum, tracked as TOTAL3 had risen by approximately 15% from its low in February.<\/p>\n

In addition, he said that 11.7% of alternative cryptocurrencies listed on Binance have now reclaimed their 200-day moving average, up from just 2.3% in early February, and called it \u201can initial signal of recovery.\u201d<\/p>\n

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Their trading volumes on Binance have also improved, with their share relative to combined BTC and ETH volumes rising from 31% to 49% over the past two months.<\/p>\n

Still a Long way From Full Rotation<\/h2>\n

The broader picture is still firmly in bitcoin\u2019s favor, considering that BTC dominance is currently sitting at around 58.6% per CoinGecko, while CoinGlass\u2019s Altcoin Season Index, which measures how many of the top 100 tokens have outperformed BTC over a rolling 90-day window, sits at 40 out of 100.<\/p>\n

A confirmed altseason requires a reading above 75. Put simply, the majority of altcoins are still losing ground to bitcoin when you zoom out.<\/p>\n

Additionally, the alternative coins currently garnering the most interest are also selective, clustering around only a handful of themes like AI, DeFi projects, and some old layer-1 networks, which have been overlooked for many months now.<\/p>\n

According to Darkfost, the recovery in altcoins is \u201cmoderate.\u201d He further said, \u201cThis type of shift can precede a more pronounced rotation phase within the market,\u201d even though he didn\u2019t outrightly claim that such a change was already underway.<\/p>\n

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