The combined market cap of all cryptocurrencies excluding Bitcoin and Ethereum crossed $1 trillion—a milestone not seen since mid-July. This signals genuine investor appetite beyond the top two assets during risk-on periods.
Solana gained 10%, XRP and Zcash each rose 7-10% as traders rotated into layer-one blockchains and payment protocols. This breadth suggests altseason is broadening beyond niche coins.
Ethereum's market capitalization surged to $251 billion, recovering from a July slump. At these levels, Ethereum represents roughly 18% of total crypto market cap—up from 15% during the consolidation phase.
Altseason typically lasts 4-8 weeks. The current rally depends on sustained Bitcoin strength and lack of negative macro catalysts. A return to Bitcoin dominance would reverse altcoin gains just as quickly.
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