Total market capitalization of cryptocurrencies has returned to $4.06 trillion, its highest level since late August. On this wave, Bitcoin's dominance has slightly decreased, with investors focusing more on altcoins.
Rise of Cryptocurrency Capitalization
During Thursday morning trading in Asia, the total market capitalization of digital assets reached $4.06 trillion. This is a significant increase amid diminishing fears of a September slump. Bitcoin has reclaimed the $114,000 mark, but the main focus is on altcoins, whose market is now close to 2025 highs.
Altcoins in the Spotlight
Indicators for altseason have surged this week, hitting high levels, indicating a potential altcoin boom. According to CoinGlass and Blockchain Center, altcoin indexes reached 76, signaling that altseason is underway. However, some analysts express skepticism, such as Nassar Achkar from CoinW, who noted that institutional capital remains heavily concentrated in Bitcoin.
Future of the Crypto Market
Analysts believe that altcoins might face resistance in the short term, but their prices have strong growth potential in the long term. This sentiment was echoed by analyst Ted Pillows, who indicated that while altcoins could face corrections, their long-term trends remain positive.
The cryptocurrency market is again demonstrating growing interest in altcoins, which may indicate the beginning of a new phase in their development. Despite certain risks, many experts predict long-term growth.
