Altseason Set to Begin in September, Says Coinbase
Coinbase hints at a full-scale altseason in September as BTC dominance drops and altcoin market cap surges 50%.
- BTC dominance drops from 65% to 59%
- Altcoin market cap rises 50% to $1.4 trillion
- Coinbase expects altseason to begin in September
According to a recent report from Coinbase, the crypto market could be heading into a full-blown altseason as early as next month. The report highlights a notable decline in Bitcoin (BTC) dominance, which has dropped from 65% to 59%. At the same time, the total market capitalization of altcoins has surged by 50%, now sitting at a staggering $1.4 trillion.
This shift in market dynamics typically signals a growing investor interest in alternative cryptocurrencies—altcoins like Ethereum, Solana, and Avalanche—over Bitcoin. Historically, a drop in BTC dominance often precedes altseason, where altcoins outperform Bitcoin in both price movement and trading volume.
What’s Fueling the Altseason Forecast?
Several factors are contributing to this shift. First, improved network activity and upgrades among Layer 1 and Layer 2 platforms are driving increased attention. Ethereum’s upcoming updates, Solana’s scaling solutions, and the rising utility of DeFi and NFT platforms have contributed to the growing confidence in altcoins.
Second, institutional investors appear to be diversifying. According to Coinbase, institutional clients are gradually reallocating portfolios from BTC-heavy positions to a broader mix of altcoins in anticipation of more favorable returns.
Lastly, the general market sentiment is improving. With macroeconomic indicators stabilizing and the crypto market rebounding from bearish trends earlier this year, investors are ready to explore more speculative but potentially rewarding assets.
September: The Month to Watch
Coinbase believes September could mark the start of altseason, citing favorable market trends and increasing on-chain activity in non-BTC assets. If the momentum continues, we might witness a major shift in crypto leadership—at least temporarily—from Bitcoin to the broader altcoin market.
Investors are advised to stay updated and consider rebalancing their portfolios if they wish to ride the altseason wave. However, as always, risk management and proper research remain key in this highly volatile market.
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