Crypto metric signals altseason as Bitcoin market-cap share stalls below 60%
Glassnode’s Altcoin Cycle Signal printed a new altseason signal after a month of Bitcoin and altcoin market-cap gains.
Glassnode’s Altcoin Cycle Signal printed a new altseason signal after a month of Bitcoin and altcoin market-cap gains.
Bitcoin’s (BTC) rise to $86,000 this week has dragged altcoin markets higher as the industry’s market cap reclaimed $3 trillion.
A proprietary metric from onchain analytics platform Glassnode has delivered a new “altcoin season” signal this week on the back of recent crypto market upside.
The combined altcoin market cap reached $1.19 trillion on Tuesday, marking its highest level since late January. Altcoins have increased their market capitalization by 33% since Aug. 19, when crypto markets saw flash upside on the back of an announcement by the US Treasury over interventions in bond markets.