The altcoin market cap, including Ethereum, crossed above the $1.07 trillion mark, marking the mid-level of a long-term range with the high at $1.71 trillion. Seventy percent of altcoins on Binance moved back above their 200-day moving average, confirming sustained bullish momentum in recent weeks. The Crypto Fear and Greed Index stayed above 60 since August 20th, signaling bullish market strength. Bitcoin rallied from $76k back above $80k, but the altcoin season index was only at 54, well below the 80 threshold needed to confirm a true altseason.
Source: Read the original article
