Altcoins are any cryptocurrencies other than Bitcoin. They represent a diverse range of projects aiming to offer different functionalities or improvements over Bitcoin’s original design.
Speculative altcoins are experiencing significant gains, outperforming Bitcoin and Solana as dovish Federal Reserve signals ignite a broader market recovery. This bounce marks a potential turning point in the recent selloff.
The altcoin market has experienced a significant downturn, with spot demand hitting a six-year low. Investors are shifting capital towards stablecoins, stocks, and the burgeoning AI sector, raising questions about the future of 'altseason'.
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