The crypto market’s long-awaited ‘altcoin season’ remains elusive, even as a widely watched rotation gauge ticks higher. CoinMarketCap’s Altcoin Season Index rebounded to 53 on Monday, signaling a modest recovery in broad altcoin performance—but still far below the threshold that typically marks a sustained risk-on shift away from Bitcoin (BTC).
As of July 28 (UTC), the index rose from 51 a day earlier and improved versus last week’s 52 and last month’s 49. However, it remains well under 75—the level commonly used to denote an ‘altcoin season’—placing the market firmly in a neutral regime… Read more
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