Bitcoin (BTC) dominance is crushing altcoins under the rise, far away from their ATHs.
Bitcoin reached a new ATH following Donald Trump’s victory in November, while most altcoins, especially Ethereum (ETH), are below their ATHs.
While investors are wondering when the rally in altcoins will begin, Swiss giant bank Sygnum claimed that altcoins will recover in the 2nd quarter.
Sygnum recently stated in a report that altcoins are ready to recover in the second quarter of 2025 with the improvement of crypto regulations and the increasing adoption by users.
Sygnum analysts suggest that regulatory developments in the U.S., including progress in creating digital asset reserves and stablecoin regulations by President Donald Trump, could promote the broader adoption of cryptocurrencies.
"In April, Bitcoin’s dominance reached its highest level in four years, signaling that crypto investors were directing their funds towards an asset considered relatively safer.
However, we expect protocols that have succeeded in influencing and attracting users with Trump’s incentives to perform better and for Bitcoin’s dominance to decrease.
In the Sygnum report, while highlighting protocols such as Toncoin (TON), Sui, Aptos (APT), Sonic, and Berachain (BERA) among altcoins, it showcases Base as a prominent layer-2 network.
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