Altcoin market cap rises 10%, but altseason remains distant
- —Market cap of altcoins outside the top 10 rose more than 10% over the week
- —The CoinMarketCap altseason index rose to 46 versus a threshold of 75
- —Bitcoin dominance is forming a descending triangle without a confirmed breakout
- —The Fed raised rates to 3.75–4.00% on September 16, and the CLARITY Act failed a procedural vote
Why it matters: The altcoin rally has yet to broaden into a full altseason: without a drop in BTC dominance and easier macro conditions, the advance may remain local.
Source: TokenPost