The cryptocurrency market saw a sharp rally Monday morning, with many altcoins staging significant gains after Bitcoin successfully pushed past the $106,000 benchmark. Ethereum dominance reached its highest level since November, fueled by strong institutional inflows and recent network upgrades.

Altcoin Gains Across the Board

  • Solana (SOL) climbed 6.1% in 24 hours to $155.78
  • Ethereum (ETH) gained 3.7% to rel hit $2,611
  • XRP saw gains of 4.6% to reach $2.26
  • Cardano (ADA) added 2.8% to $0.64
  • Mid-cap token HyperLiquid (HYPE) surged over 9.7% to $44

This widespread rally represents a rotation away from Bitcoin dominance (61.4%), with analysts closely monitoring for any further weakness that could signal the arrival of a full “altcoin season.”

Institutional Inflows and Network Upgrades Fueling the Recovery

The market demonstrated strong indicators of institutional adoption. Sygnum analysts highlighted Ethereum’s comeback after underperforming for “2.5 years,” now benefiting from the narrative shift toward institutional adoption on its platforms. CoinGlass data shows HYPE has surpassed DOGE in trading activity.

Additional inflows to the ecosystem were noted by StealthEX Head of Growth Vadim Taszycki, who cited growing assets under management ($1.9 billion) and the “wave of updated SEC filings” from asset managers seeking Solana ETFs as key factors.

Technical Breakouts and ETF Demand Driving Key Metrics

Key market indicators point toward persistent momentum, according to RedStone’s Marcin Kazmierczak: “Driven by Bitcoin’s push past $100,000, with 61.4% dominance,” the recovery holds despite last Friday’s 4% selloff triggered by geopolitical circumstances. Sygnum adds that “shrinking liquid supply” creates “conditions for demand shocks and upside volatility.”

Furthermore, stablecoin supply held by whales has increased 5% in the last 30 days, adding to signals that institutional demand remains strong.

The crypto market’s appetite for risk assets returned with force on Monday. The rotation out of Bitcoin, which held steady above $106,000 after successfully testing the level, provided fuel for an altcoin rally involving multiple high-flyers.

Market participants are weighing whether this marks the beginning of broader “altcoin season” or represents merely a temporary seasonal shift.

Will altcoin season finally arrive? While institutional interest and technical clarity favor continued strength across risk assets, regulatory momentum and sentiment hurdles across asset manager platforms may delay the full realization of an altcoin-led market.