The crypto market is showing strong signs of entering a new phase of altseason—a period of accelerated growth for altcoins. In mid-July, the DOGE/USD pair returned to the mid-term bull market zone, while remaining within the long-term and global bullish trend. This shift reflects an increasingly positive outlook for the broader crypto market.

After Bitcoin reached an all-time high of over $123,000 in mid-July, the market has begun transitioning into an active growth phase for altcoins. According to crypto market analysts, capital is now flowing into more volatile assets—an early indicator of altseason. They emphasize that Bitcoin's recent dip is not a sign of weakness. Rather, it reflects a healthy capital rotation into higher-yielding crypto assets, as large-cap altcoins stage a strong recovery.

Over the past week, Bitcoin has seen modest gains of less than 1%, trading near $119,000 at the time of writing. Meanwhile, top altcoins (by market cap) have posted impressive performances:

Dogecoin (DOGE) is up 37%. Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL) are all up over 20%. More than 50% of the top 100 cryptocurrencies (excluding stablecoins) have gained between 15% and 110%

Market-wide data, excluding stablecoins and the top 10 crypto assets, further confirms this trend: the OTHERS index has risen over 35% in the last two weeks, adding approximately $85 billion to the total altcoin market capitalization. The index is now nearing its year-opening level of $352 billion, following the recent market correction.

Experts believe that the $120,000 level represents a key profit-taking zone for Bitcoin. For the price to break higher, BTC will need to overcome this resistance and the next major threshold at $136,000. However, such a breakout may require fresh institutional inflows, strong macroeconomic tailwinds, and a weaker US dollar.

Meanwhile, the Crypto Fear & Greed Index has remained in the "Greed" zone for the fourth consecutive week, currently reading 73 out of 100. This points to sustained optimism among investors and their ongoing appetite for high-risk, high-reward assets.

According to TradingView, the total cryptocurrency market cap has hit a record high of $3.87 trillion, a 0.4% increase from yesterday. Altcoin market cap stands at $302.4 billion, with daily altcoin trading volume exceeding $180 billion out of a total market volume of approximately $230 billion, underscoring heightened interest in these assets.

As for Dogecoin (DOGE)—this week's top performer among major altcoins—it is currently trading around $0.2670, near the midpoint of today's range of $0.2748–$0.2575. As of July 22, 2025, DOGE holds a market capitalization of $39.8 billion, ranking it firmly in the top 10 altcoins.

Dogecoin was launched on December 6, 2013, and traded at just $0.00055878 on December 15, 2013. Since then, this once "joke" coin has surged by nearly 48,000%—or about 480 times its original price. Its all-time high of $0.73 was reached on May 8, 2021, after Elon Musk promoted the coin during a major US TV appearance, famously calling himself the "Dogefather." However, DOGE later crashed back down to around $0.13 by April 2025.

Now, with DOGE/USD back in the mid-term bull zone and retaining its long-term bullish posture, experts believe the coin could see further growth, especially amid the broad optimism surrounding the current crypto market cycle.