🚀 Bitcoin Dominance Rising: How Long Until Altcoins Fly?
👉 Sonic Ecosystem Airdrops Are On The Way!
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📰 Bitcoin Dominance Rising: How Long Until Altcoins Fly?
💎 Sonic Ecosystem Airdrops Are On The Way!
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
💭 Banter’s Take
GM Degens,
The bullish catalysts are lining up for Sonic (S) as we approach the Sonic Summit 2025, which begins next week, with Binance just dropping a post about potential ecosystem airdrops too!
Meanwhile, Bitcoin dominance continues to rise as everyone tries to predict when a rejection might hit and let altcoins fly.
Let’s dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
📰 Question of the Day
Bitcoin Dominance Rising: How Long Until Altcoins Fly?
I hear people saying risk-on sentiment is creeping back… Let’s explore.
As we saw a few issues back, retail interest is nowhere to be seen based on Google Trends searches, and institutions have been selling. ETF flows are inconsistent—Ethereum ETFs see one-day inflows, one-day outflows, while Bitcoin ETFs are far from their highs. Yesterday we had:
Bitcoin ETFs: Over $422M net inflows
Ethereum ETFs: $6.5M net inflows
Bitcoin is up 30% since $74,000, with it now breaking out of the tight range it has been trading in, and Bitcoin Dominance (BTC.D) is rising, stealing the show from altcoins that seem to take turns pumping. But how high might Bitcoin dominance go?
According to Rekt Capital, 71% could be the target, which could technically crush altcoins. Let’s dig into the data.
Based on this chart, the first time BTC.D crossed above 64%, it took 13 months to return to that level before dropping further. The second time, it took 3 months to revisit and then decline.
Three months would mean a slow summer.
Thirteen months would bring extreme altcoin market exhaustion.
Rising BTC.D usually means altcoins are struggling, but only if Bitcoin’s price isn’t rising simultaneously—which it currently is. And it might continue to do so with increased institutional adoption and whales, like Michael Saylor’s Strategy, scooping up supply. Strategy launched a $21 billion ATM equity offering, allowing it to sell new shares at market prices to fund Bitcoin purchases. They also have a bigger $84 billion plan to raise funds through share sales and borrowing to keep stacking Bitcoin. And another whale, Metaplanet, issued 3.6 billion JPY in 0% ordinary bonds (around $25M USD) to buy more BTC.
Where to from here?
Whale buy-pressure is trying to push Bitcoin up. But tariff FUD is suppressing it. If tariff fears subside and the US and China strike a deal, Bitcoin could rise further, as risk-on sentiment increases, pushing BTC.D more towards that 71% mark. But will a deal come soon?
We’re already seeing hopeful signs, with President Trump saying Treasury Secretary Bessent is negotiating new trade deals with 200 countries.
Furthermore, we just got one quarter of negative GDP, with tariffs contributing 41% to the decline. Trump likely wants to avoid another negative quarter, avoiding an official recession, so trade deals could move forward soon.
Final Thoughts
Risk-on vibes are sneaking back—Bitcoin’s up 30% from its low, the Nasdaq’s soaring 20% since its bottom, and the S&P 500’s on an eight-day hot streak. But Bitcoin dominance is climbing toward 71%, hogging the spotlight while alts take turns pumping. A US-China trade deal could crank up market optimism, push Bitcoin Dominance to a point where it rejects hard and crashes, potentially kicking altcoins into high gear from there.
💎 Degens’ Den
Sonic Ecosystem Airdrops Are On The Way!
The Sonic Summit is set for May 6–8 in Vienna, Austria. All eyes will be on the announcements from this event, whether from Sonic Labs or developers building on the chain. The hype has X bull posting all about it.
Other than the Summit, Sonic has a few more strong points right now.
First up is its rising Total Value Locked (TVL). As of May 2, 2025, Sonic (S)—formerly Fantom (FTM)—is trading at approximately $0.55. Its TVL hit a new all-time high of $1.54 billion, showing strong usage and locked funds.
Source: DefiLlama
And then, we have this, which will likely get many using Sonic…
Binance just added Sonic Chain to its platform, enabling trading of new Sonic tokens. The biggie here is that it announced active traders might score some airdrops (aka, free tokens) for high trading volume.
If we see more announcements like the above coming out of the Sonic Summit, it could just add to the momentum.
Some argue Sonic needs one killer app to skyrocket. Last year, Sonic (then Fantom) onboarded many DeFi angel investors, hinting at that direction. With fast transaction speeds, high throughput, and growing developer activity, other applications like games could also emerge on Sonic.
And we may see them announced in just a few days!
The Daily Candle
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🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
Morgan Stanley to Launch Crypto Trading on E*Trade Platform by 2026
$2.85 Billion in Bitcoin and Ethereum Options Set to Expire Today
Arbitrum (ARB) Leads with $38.57 Million in Inflows Over the Last 24 Hours
💭 Banter’s Take
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Bitcoin has closed in the green for the last three weeks, climbing from a low of around $74,000 to its current level. The big question: can it do it again? What do you think? Let us know below!
See you all on Monday!