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Altseason Makes a Strong Comeback: What This Means for Crypto Traders
Altseason Makes a Strong Comeback: What This Means for Crypto Traders
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BTCCSquare news:
Altcoins are staging a robust resurgence, with the altcoin market capitalization nearing its 2021 peak at $1.63 trillion. The season index has surged to 76 this week, the highest level since December, signaling that 75% of the top 50 crypto assets have outperformed Bitcoin over the past 90 days. Analysts suggest that price discovery mode could ignite renewed investor enthusiasm and risk appetite.
The altcoin market cap, excluding bitcoin and stablecoins, is flirting with its November 2024 high of $1.64 trillion. This upward trajectory hints at growing institutional interest and retail FOMO reminiscent of previous bull cycles. Market observers anticipate heightened volatility as capital rotates from Bitcoin into alternative cryptocurrencies.
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