Altcoin Market Correction: ‘Alt Season’ Searches Plummet

The cryptocurrency market has experienced a downturn, with global search interest for altcoins plummeting over 50% on Google, following Bitcoin’s retreat in recent days. The decline is attributed to selling pressures stemming from negative price corrections. Altcoin performance has been particularly affected by this correction, as popular tokens like Ethereum and Dogecoin have seen significant losses. This downturn comes after a period of heightened interest in altcoins, exemplified by the surge in Google search volumes for ‘alt season’ just weeks ago. Experts are now predicting that an altcoin rally could be on the horizon, with signs pointing to a potential repeat of past market trends in 2020 and 2021.