š„ $TRUMP May Have Started Altseason
Trump's statements may have triggered the early phase of altseason, CryptoQuant analysts say.
From 19 to 22 August, altcoin market cap rose more than 24%, adding $215 billion. Total2, the crypto market's value excluding Bitcoin, moved back above $1 trillion. Mid- and small-cap coins led gains.
Now, 56% of altcoins trade above their 200-day moving average, up from 15-20%. CryptoQuant calls this a regime shift, but warns the market is overbought and may pause before continuing higher.
Trump's statements may have triggered the early phase of altseason, CryptoQuant analysts say.
From 19 to 22 August, altcoin market cap rose more than 24%, adding $215 billion. Total2, the crypto market's value excluding Bitcoin, moved back above $1 trillion. Mid- and small-cap coins led gains.
Now, 56% of altcoins trade above their 200-day moving average, up from 15-20%. CryptoQuant calls this a regime shift, but warns the market is overbought and may pause before continuing higher.
