Altcoin season is upon us

Glassnode co-founders Jan Happel and Yann Allemann, who share an X account under the name Negentropic, wrote: “Altcoins are chasing Bitcoin's bullish momentum. The market is currently on the cusp of altcoin season, and this trend is likely to intensify as BTC breaks its all-time high (ATH) and enters uncharted territory,” said Jan Happel and Yann Allemann. “Typical crypto rallies start with BTC first, followed by Ethereum (ETH), etc. in order of market capitalization. Since May, BTC has rallied three times without any signs of an altcoin season. We expect the next rally to occur in tandem.”