Is ‘Altcoin Season’ Ready to Launch? | Presented by CME Group

Market Trends - The cryptocurrency market has experienced significant growth, with the total market capitalization reaching a record high of 394% trillion on July 22nd [1] - The altcoin market has surged 15% in the past week [1] - The market is moving towards altcoin dominance, with nearly 50% of the top 50 cryptocurrencies outperforming Bitcoin [2] Altcoin Season - An altcoin season is recognized when over 75% of the top 50 cryptocurrencies outperform Bitcoin [2] - Bitcoin dominance decline often signals investors shifting to smaller tokens [3] Cryptocurrency Performance - Ethereum's price has surged 55% since the start of the month, approaching the $4,000 mark [3] - Capital is shifting from Bitcoin to Ethereum, attracting investors seeking higher returns [3]