In accordance with BitJie Wang, the cryptocurrency market experienced an unexpected rebound today, with major altcoins recording double-digit gains after market sentiment shifted from fear to optimism. Ethereum rose 10%, Solana 12%, Cardano 14%, Chainlink 13%, and Shido 21%. However, broader market indicators suggest continued dominance by Bitcoin. The altcoin market cap has declined for seven consecutive days, dropping from over $1.36 trillion to around $1.29 trillion. The CMC Altcoin Season Index remains at 21/100, indicating a strong Bitcoin season. Analysts note that for a sustainable reversal, the altcoin market cap must return to $1.35 trillion to $1.4 trillion, and the index must break above 25-30.
Altcoins Rally on Sentiment Shift, But Market Still in Bitcoin Season
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