Bitcoin’s Reign Curtails as Altcoins Rise: Coinbase Anticipates Altcoin Season

Coinbase research reveals a significant shift in the cryptocurrency market, with Bitcoin’s dominance declining from 65% to 59%. This decline suggests a potential full-scale altcoin season is brewing. As the total market capitalization of altcoins surpasses $1.4 trillion, investor confidence in alternative cryptocurrencies like Ethereum, Solana, and Avalanche is surging. Coinbase believes these trends mirror those seen during past altcoin seasons, signaling potentially larger growth for these assets in the near future.