Altcoins have been making money these days as Bitcoin (BTC) holds its record-high small Monday morning.
Avalanche (Avax) is one of the biggest Altcoin winners of the day, rising from 5.8% to $23.67 in the last 24 hours in the wake of last week's Avalanche Summit. During the event, it was announced that the Soccer Governance Body FIFA will be migrating its FIFA Collection NFT platform to its own dedicated avalanche layer 1 blockchain. However, Avax is down 83.7% from its 2021 record high.
World (WLD), previously WorldCoin, is one of the biggest Altcoin winners of the week, ranging from 27.2% to $1.38. This comes in the same month that the eye scanning project was deployed across the United States after previously banning Americans from participating in the Global Identity System. Again, tokens are the highest ever, down 88.2% since their peak in March 2024.
Conversely, Hyperquid (hype) rose 50.4% over the past seven days to set a new all-time high of $39.68.
The move placed a billion-dollar Bitcoin (BTC) bet through Hyperliquid's Parcentralized Exchange as a self-defined, high-risk leverage trader known as James Wynn. Wynn has since opened a leveraged red leverage of nearly $75 million at Bitcoin (BTC) and a length of $19.3 million at Meme Coin Kpepe.
Other altcoins have made profits in the last 24 hours. Bittensor (TAO) surged 6.4%, optimism (OP) grew to 5.6%, Arbitrum (ARB) 4.7%, Aptos (APT) 5.1%, and Internet Computer (ICP) 4.5%. Still, all of these altcoins remain the highest distance ever.
Meanwhile, Bitcoin (BTC) is up to just 2.2% at $109,779, within a history high of $111,814, set four days ago.
Much of this green movement comes after President Trump announced that the US would delay 50% tariffs on European Union goods. In April, Trump initially planned to impose a 20% tariff on the EU, later reduced it to 10%, and threatened to raise the tariff to 50% on Friday on June 1st.
Bitcoin's domination has been on the rise since late 2022, with Orange Coin claiming 36.95% of the top 10 crypto market capitalization, currently sitting at 61.12%.
Etoro Australia analyst Reece Hobson previously said Decryption That Altcoin season begins when quantitative easing begins and Bitcoin domination hits 70%. This is a number not too far.
