Altcoin Market Cap Reclaims $1T — First Green Weekly After Seven-Week Slide
TOTAL2's rebound past the $1 trillion mark and the first weekly green candle after a seven-week downtrend mark a notable shift in market sentiment for smaller-cap tokens. That move pushed the Altcoin Season Index up to levels last seen in January, suggesting renewed buyer interest and a potential rotation from Bitcoin into altcoins as traders chase higher beta returns.
While the development is bullish in tone, traders should look for confirmation: sustained weekly closes, rising volumes, and a drop in BTC dominance would strengthen the case for a full-fledged altseason. Short-term momentum could favour leading Layer-1s, DeFi tokens and memecoins, but the rally will likely hinge on macro drivers and liquidity—so risk management remains essential.