Is Altcoin Season Here? Ether Outpaces Bitcoin as BTC Dominance Holds Firm
- ETH gained nearly 29% in seven days, outpacing Bitcoin’s 23% weekly advance.
- Bitcoin dominance held near 59.7%, keeping a full altcoin rotation unconfirmed.
- CoinMarketCap’s Altcoin Season Index stood at 37, well below its 75 threshold.
Altcoin-season expectations are strengthening after smaller cryptocurrencies posted their sharpest weekly rebound in months, yet the market still lacks confirmation of a broad rotation. Analyst Ash Crypto noted that the market capitalization of cryptocurrencies outside the top 10 jumped roughly 23% last week, highlighting a sharp improvement in risk appetite.
That momentum was also visible across broader market gauges. TradingView’s OTHERS index gained about 19% over seven days on Aug. 26, while TOTAL3, which excludes Bitcoin and Ether, advanced roughly 15%.
However, the OTHERS-to-Bitcoin ratio fell about 1.9% during the we…
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