Bitcoin is currently being heavily hyped as a result of Trump's election victory. However, there are also other cryptocurrencies whose prices have exploded recently.
In the USA, there will be more clarity and better regulation on the crypto market. This is currently being honoured by the market, as it is assumed that this will happen much faster under Trump than under Kamala Harris. However, it is not yet clear whether Trump will fulfil his promises.
Normally, this market develops in such a way that Bitcoin is the first to break out and the altcoins then follow. There is a gradual reallocation of capital, which indicates that the overall market capitalisation will continue to rise.
An important tool is the Altcoin Season Index from CoinMarketCap
With the Altcoin Season Index, you can see in real time whether the cryptocurrency market is currently in altcoin season. It shows the performance of the 100 most important altcoins compared to Bitcoin over the last 90 days. Detailed charts and key figures allow you to track market trends and the dominance of altcoins.
What is the altseason and when does it start?
It is a short period of time characterised by a capital shift from Bitcoin to altcoins, which leads to a significant and rapid increase in cryptocurrency prices. Altcoin season, commonly known as ‘altseason’, is characterised by massive gains and high volatility. As prices rise, the fear of missing out (FOMO) comes into play and triggers a domino effect that drives altcoin prices extremely high for a certain period of time. However, the following applies: the high can be followed by an equally rapid crash.
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