Altseason is a period in the cryptocurrency market when altcoins experience significant price increases, often outperforming Bitcoin. It is typically characterized by high trading volumes and renewed investor interest in smaller cap cryptocurrencies.
Bitcoin's strong market dominance is currently preventing capital from flowing into altcoins, raising questions about whether traditional altseasons are becoming a relic of the past.
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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