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Coinbase says the crypto market may be on the verge of a ‘’full-scale’’ altcoin season as Bitcoin dominance dips below 60%, signaling early rotation into altcoins. Rising expectations that the Federal Reserve will cut interest rates next month would be the main driver, it said in its monthly outlook. Flatter headline inflation last month and falling energy prices boosted expectations for a September rate cut to 92%, according to futures data Lower interest rates often drive capital into riskier assets, and Coinbase notes that a portion of the $7 trillion parked in US money market funds could flow into cryptocurrencies. Coinbase defines an altcoin season as when at least 75% of the top 50 altcoins outperform Bitcoin over the past 90 days. On-chain data and market indicators suggest conditions are aligning for a broader altcoin breakout. Coinbase’s Altcoin Season Index currently sits in the low 40s, up from below 25 in July, signaling earl...

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The creators of the crypto analytics firm Glassnode are warning that altcoins could lose all bullish momentum following last week’s market correction. Jan Happel and Yann Allemann, who go by the handle Negentropic on the social media platform X, tell their 63,400 followers that “altcoin season,” which they say began in late November, could come to an abrupt end after alts witnessed deep pullbacks over the last seven days. According to the Glassnode co-founders, traders and investors will likely have a risk-off approach on altcoins unless Bitcoin recovers a key psychological price point. “Is This the End of Altcoin Season? Bitcoin dominance is surging after dipping below $100,000, while altcoins are losing critical supports. Dominance has risen and resumed its upward trend, signaling a stronger BTC environment. If BTC stabilizes above $100,00, we might see a pump in altcoins now in accumulation zones. Until then, Bitcoin appears poised to ...

Altcoins recently experienced an overdue correction amid a Bitcoin (BTC) rejection of the $100,000 psychological resistance. Yet, the prominent technical analyst CrypNuevo believes the altcoin season is ready for continuation after creating interesting buying opportunities. In a recent post on X, CrypNuevo recalled a previous Analysis from one of his videos. Particularly, the Analysis predicted Bitcoin Dominance (BTC.D) to correct from the ongoing drop, temporarily pausing the altcoin season. As warned, this correction would follow a Bitcoin rejection of the $100,000 mark, punishing altcoins with a two-digit crash. The analyst, however, explained he would use this dip to increase his altcoins positions, which happened recently. Picks for you Buy signal for two strong cryptocurrencies this week 23 mins ago ...

Mythos (MYTH), the native token of the GameFi platform Mythical Games, has recorded double-digit gains in the weekly timeframe. The token was up over 50% over the past seven days as of press time. Although this achievement is consistent with general market movements, the gains can also be seen as a reaction to Mythical Games’ NFL Rivals Season 2 and the Mythical Forest campaign, both of which recorded notable demand among players. For instance, NFL Rivals was downloaded more than 5 million times and recorded over 115 million games played in its first season amid a partnership deal with Super Bowl champions, the Kansas City Chiefs; Mythical Games indicated in a statement shared with Finbold on September 27. Picks for you Short squeeze alert: Bitcoin is poised to melt some faces 36 mins ago ...