Altcoins rally broadly as bitcoin consolidates near $84,000
- —QNT jumped 39% in 24 hours to $98.93, the largest move in the CoinDesk 100
- —CoinMarketCap's altcoin season index rose to 56 from 45 a week ago
- —CoinDesk Computing Index gained 9.5%, DeFi Select Index 8.7%
- —Bitget's $351.6 million hack failed to halt the rally; a $464 million fund covers losses
Why it matters: Capital rotation into altcoins signals a shift in the cycle as traders take profits in BTC and seek higher-yielding assets.
Source: CoinDesk