Analysis of Bitcoin dominance and the possibility of growth of Altcoin | Flash news details

On February 7, 2025, Crypto Rover, a prominent figure in the encrypted currency community, about a severe accident in Bitcoin’s dominance and an expected explosion in Altcoin prices, and urged the community to stay ascending (Crypto Rover, Twitter, February 7, 2025). This statement was made at a time when Bitcoin dominated its peak by 52.3 % on February 6, 2025, at 14:35 UTC, Coinmarketcap (Coinmarketcap, 6 2025) said. The total market value of encrypted currencies was 1.8 trillion dollars, with the maximum bitcoin market at 941.4 billion dollars (CONINECKO, February 6, 2025). These tweets came at a time when Bitcoin’s trading volumes rose to 45.6 billion dollars in the 24 hours before a tweet, indicating the important market activity (Tradingvief, February 7, 2025, 08:00 UTC). Ethereum, the pioneering altcoin, achieved a trading volume of $ 15.2 billion in the same period (TradingView, 7 February 2025, 08:00 UTC). The scales on the series showed that the Bitcoin network retail rate was at the highest level ever of 350 EH/S on February 6, 2025, indicating strong network security and MINER (Blockchain.com, February 6, 2025). This tweet also coincided with a period of increased interest in Altcoins, with projects like Cardano and Solana witnessing an increase in development activity and social signals (Santiment, 6 February 2025).

Trading effects of important Crypto Rover. After a tweet, the Bitcoin price saw a slight decrease from $ 47500 to $ 46,900 during the first hour, according to Binance (Binance, February 7, 2025, 09: 00-10: 00 UTC). This movement was accompanied by an increase in Altcoin prices, with ETHEREUM increase by 3.5 % from $ 3200 to $ 3,312 in the same time frame (Coinbase, 7 February 2025, 09: 00-10: 00 UTC). The trading volume of Ethereum rose to $ 18.5 billion in the next 24 hours, indicating the strong market response of the tweet (Coinmarketcap, 8 February 2025, 08:00 UTC). Other altcoins such as Cardano and Solana witnessed a significant increase in prices, as Cardano increased by 5.2 % to $ 0.85 and Solana by 6.8 % to $ 152 during the first 24 hours after his tweet (Kraken, February 8, 2025, 08:00 UTC). The market reaction indicates a shift in the feelings of investors towards Altcoins, and may be affected by the expectation of a decrease in bitcoin hegemony. The scales on the series of Altcoins showed an increase in active addresses and transactions, indicating an increase in interest and activity (Glassnode, February 8, 2025).

Technical indicators and size data provide more insight into the market dynamics after tweeting. Bitcoin RSI (RSI) index decreased from 72 to 68 during the first hour after Twitter, indicating a slight cooling of the upscale market momentum (Tradingview, 7 February 2025, 09: 00-10: 00 UTC). On the other hand, the ETHEREUM dictation indicators increased from 65 to 70, indicating an increase in the upscale pressure on Altcoins (TradingView 7, 2025, 09: 00-10: 00 UTC). The difference of the MacD MacD of Bitcoin showed a declining intersection, while MacD from ETHEREUM indicated that there is a bullish intersection, and supports more market morale (Tradingvief, 7 February 2025, 10:00 UTC). Bitcoin’s trading volume decreased to 42.1 billion dollars in 24 hours after a tweet, while Altcoins such as ETAREUM, Cardano and Solana have seen that its sizes are up to $ 18.5 billion, $ 2.3 billion, and $ 1.9 billion, respectively (Coinmarketcap, 8 February 20, 08: 00 UTC). These indicators and size data indicate a possible redistribution of the market capital from Bitcoin to Altcoins, where they are in line with the prediction of Crypto Rover in the collapse of Bitcoin’s dominance and an explosion in Altcoin prices.

Regarding AI’s news, there were no specific developments on February 7, 2025, which are directly related to the tweet. However, continuous developments in artificial intelligence technology continue to influence the wider cryptocurrency market. For example, trading platforms driven by artificial intelligence witnessed an increase in accreditation, with trading volumes on these platforms increased by 15 % in the month before February 7, 2025 (Cryptoquant, 7 February 2025). Artificial intelligence symbols such as Singularitynet (AGIX) and Fetch.ai (Fet) showed a relationship with main encryption assets, with AGIX by 2.5 % and Fet increased by 3.1 % in 24 hours after Twitter (COININCKO, 8 February 2025, 08: 00 UTC) . Feelings about artificial intelligence in the encryption market are still positive, while increasing signals of artificial intelligence in social media discussions related to encryption (Lunnershrush, February 7, 2025). While the Crypto Rover Tweet did not directly mention Amnesty International, the broader market morale that is affected by the developments of artificial intelligence can contribute to increasing interest in Altcoins, where investors seek to be exposed to innovative technologies. This can provide chances of trading in the distinctive symbols related to AI and other altcoins, especially if the expected shift in Bitcoin is achieved.