Bitcoin Dominance Drops Again, Is Altcoin Season Coming in August?

Monicah W

Altcoin Season Ignites XRP, Ethereum & Dogecoin Surge as Bitcoin Dominance Drops

The post Bitcoin Dominance Drops Again, Is Altcoin Season Coming in August? appeared first on Coinpedia Fintech News

Bitcoin dominance has dropped almost 7% in the past month, breaking a key 3-year trendline. Meanwhile, popular crypto trader Crypto Rover shared a chart showing a striking similarity between Bitcoin dominance in 2021 and 2025

Back then, it led to one of the biggest altcoin rallies, and now, Rover believes history might be repeating.

2021 Chart Pattern Repeating Again

Recently, Crypto Rover shared, Bitcoin dominance chart, which formed a similar shape in both 2021 and 2025, a falling wedge. In 2021, this led to a sharp fall in dominance, triggering a major altcoin season where many smaller coins skyrocketed.

Now, in 2025, we’re seeing the same setup again. Bitcoin dominance recently peaked around 72%, and is now falling fast, currently sitting near 61%. Therefore, Rover suggests this could be just the beginning of another big drop, possibly to 52% or even lower.

If dominance keeps falling, more funds may flow into altcoins, just like what happened during the 2021 altseason.

Altcoins Already Outperforming Bitcoin 

This trend isn’t just about charts, it shows a shift in trader interest. The crypto market is showing clear signs of a shift toward altcoins as Ethereum, SOL, XRP, and other altcoins have started to outperform Bitcoin. 

According to Glassnode data shows that Ethereum’s perpetual futures trading volume has just passed Bitcoin’s, for the first time since the 2022 market low. This marks the biggest-ever shift in favor of Ethereum, suggesting that traders are now turning their attention more toward altcoins.

Altcoin Season Index Hit 37

According to Blockchain Center, Altcoin Season Index has dropped to 37, down from 55 on July 21, which means we’re not officially in altcoin season yet..

Despite it, the current trend suggests something could be building. If the pattern continues, altcoins might soon take the spotlight, even if Bitcoin stays in charge for now.

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Ripple vs SEC Settlement Makes XRP the Sole Regulated Crypto in The U.S

The post Ripple vs SEC Settlement Makes XRP the Sole Regulated Crypto in The U.S appeared first on Coinpedia Fintech News

Ripple Labs has nearly closed its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). As part of the settlement, Ripple will pay a reduced fine of $50 million, while the SEC officially acknowledges that XRP is not a security on public exchanges.

This move positions XRP as the only clearly regulated cryptocurrency in the United States, igniting a wave of enthusiasm across the market.

Ripple vs SEC Settlement After Years of Legal Battle

After years of courtroom drama, the SEC has agreed to settle its lawsuit against Ripple Labs and its top executives, Brad Garlinghouse and Chris Larsen. Initially, Ripple was ordered to pay a fine of $125 million, but under the new deal, $75 million will be returned, and Ripple will only pay $50 million.

The SEC and Ripple will jointly ask the court to terminate the previous injunction, officially bringing an end to their legal dispute and cancelling ongoing appeals.

SEC Clarifies Stance: No Admission of Fault

In its press release, the SEC emphasized that while it is settling, this does not indicate it was wrong in its legal claims. Instead, the move signals a strategic shift in how the SEC approaches crypto regulation.

The agency further clarified that this settlement applies exclusively to Ripple and will not impact other crypto-related enforcement actions.

Regulatory Shift Under New US Administration

According to Italian crypto expert Fabio Zuccara, the Biden administration’s stance on crypto has evolved—shifting from “destructive” to “constructive.” He also highlighted that multiple crypto lawsuits have been dropped recently, indicating a more balanced regulatory direction.

XRP Price and Trading Volume Soar

The news has caused a major surge in XRP trading activity. The daily trading volume spiked from $1.2 billion to $4.2 billion, and the price climbed rapidly:

  • May 1: $2.19
  • May 8: $2.32 (9.5% daily jump)
  • May 10: $2.37 (2.4% 24-hour surge)

In total, XRP has gained nearly 11.92% since May 8, and is up 7.6% over the last seven days.

What’s Next for XRP and Ripple?

Zuccara states that XRP now holds a unique advantage as the only crypto with legal clarity in the U.S.—a factor that may boost institutional investment and corporate adoption.

With the lawsuit behind them, Ripple is expected to resume global expansion, focusing on cross-border payments and liquidity solutions using XRP.

Earlier reports suggested the legal fight had distracted Ripple from its core business operations, but the company can now refocus on innovation and growth.

Institutional Interest in XRP Grows

Ripple’s legal clarity is already paying off. Recently, CFTC-regulated XRP futures products were launched in the U.S., signaling increased institutional confidence in the digital asset.

Conclusion

The Ripple-SEC settlement marks a historic turning point in U.S. crypto regulation. With XRP now legally recognized and regulated, it opens a new path for other crypto firms seeking similar clarity.As regulatory uncertainty fades, Ripple is poised for global growth, and XRP may emerge as the go-to digital asset for institutions and enterprises alike.

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The post Ripple vs SEC Settlement Makes XRP the Sole Regulated Crypto in The U.S appeared first on Coinpedia Fintech News
Ripple Labs has nearly closed its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). As part of the settlement, Ripple will pay a reduced fine of $50 million, while the SEC officially acknowledges that XRP is not a security on public exchanges. This move positions XRP as the only clearly regulated cryptocurrency …

Ethereum Price Rally To $4,000? Expert Says ETH Still Bullish Despite Correction

Ethereum price has also seen a correction, but still demonstrates strong performance on longer timeframes. Several analysts are still optimistic about ETH’s future and indicate that the recent drop could provide a buying opportunity prior to a possible rise to $4,000. Analysts are bullish on the Ethereum price Despite the recent market correction, leading crypto analysts like Michaël van de Poppe have optimistic expectations for the Ethereum price. Price targets also suggest a potential rally to $4,000. The ETH price performance is still positive, with 57.2% returns in the past month. $ETH goes towards the ‘buy the dip’ range. Sub $2,400 is the area where you’d want to accumulate before the next run towards $4,000. pic.twitter.com/y56cKttUHY — Michaël van de Poppe (@CryptoMichNL) May 19, 2025 Analyst Michaël van de Poppe noted what he calls a “buy the dip” region. He indicated that prices below $2,400 provide an accumulation opportunity “before… Read More at Coingape.com

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Arizona Bitcoin Reserve Bill Fails As Governor Vetoes Proposal

Arizona Governor Katie Hobbs has vetoed Senate Bill 1025, which would have authorized the state to create a Bitcoin reserve.

The decision, made on May 2, marks the first time a sitting US governor has rejected a state-backed strategic Bitcoin reserve (SBR) initiative, despite growing interest in such measures across several states.

Arizona’s Bitcoin Reserve Bill Vetoed Despite Bipartisan Support

In a letter to Senate President Warren Petersen, Hobbs emphasized that the Arizona State Retirement System (ASRS) must continue to prioritize stable, well-vetted investments.

She described virtual currencies as “untested” and unsuitable for the retirement savings of Arizona residents.

“The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currencу,” the governor stated.

Governor Hobbs’ stance reflects the broader skepticism within the Democratic Party toward crypto integration in state financial systems.

It also follows shortly after Arizona’s legislature made history as the first in the US to pass an SBR bill in both chambers—garnering bipartisan support.

Meanwhile, Senate Bill 1025 was one of two digital asset-related proposals forwarded to Hobbs’ desk this session.

The second, Senate Bill 1373, would give Arizona the authority to retain cryptocurrencies obtained through legal seizures. It would also empower the state treasurer to lend these assets to generate additional income.

The status of this bill remains unclear in the wake of Hobbs’ opposition to SB 1025.

Arizona now joins a group of states—including Oklahoma, Montana, North Dakota, and Wyoming—where efforts to formalize Bitcoin reserves have stalled or failed.

Nonetheless, momentum continues elsewhere. New Hampshire is nearing a potential breakthrough, with its SBR proposal advancing past committee review and now awaiting a full vote in the second legislative chamber. If approved, it will proceed to the governor for final consideration.

At the national level, Senator Cynthia Lummis has welcomed recent support from President Donald Trump for her plan to establish a federal Bitcoin reserve.

“The BITCOIN Act is the only solution to our nation’s $36T debt. I’m grateful for a forward-thinking president who not only recognizes this, but acts on it,” Lummis stated.

Lummis is pushing the BITCOIN Act bill, which will allow the US to acquire up to 1 million BTC over five years. The lawmaker claims such a move would help stabilize US fiscal policy and enhance the nation’s role in global financial innovation.

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