Altcoins outside the top 10 broke above a downtrend line in place since late 2024 this week, rising from $199 billion to nearly $220 billion, a gain of over 10 percent. This breakout occurred on a support zone maintained for about 1,000 days. CoinMarketCap’s Altcoin Season Index stands at 46, well below the 75 threshold needed to qualify as a true altcoin season. According to CoinShares, Bitcoin won’t decisively cross above $80,000 before year-end, held back by the Fed’s hawkish stance and the rejection of the Clarity Act.
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