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- Altcoin market capitalization jumped 24% in three days, pushing Total2 back above $1 trillion and signaling the possible start of an early altseason.
- 56% of <a href="https://xpertsstudio.com/bitcoin-dominance-shifts-altcoins-rally/” title=”Bitcoin Dominance Shifts, Altcoins Rally”>altcoins listed on Binance have moved above the 200-day moving average (200-DMA), suggesting a broader market shift rather than a rebound limited to a few tokens.
- After Trump mentioned the possibility of large-scale US Bitcoin purchases and the CLARITY Act, liquidity flowed into altcoins, though investors should remain alert to a potential correction after the market entered short-term overbought territory.
Forecast Trend Report by Period
The altcoin market may be entering the early stages of an “altseason” after total market capitalization jumped more than 24% in three days.
CryptoQuant contributor Darkfost wrote on Aug. 23 that $215 billion flowed into altcoins between Aug. 19 and Aug. 22, lifting “Total2” — a measure of the total cryptocurrency market capitalization excluding Bitcoin — back above $1 trillion. Smaller-cap altcoins led the advance.
Technical indicators also point to a broader market recovery. During the bear market that has persisted since November 2025, about 80% to 85% of altcoins traded below their 200-day moving average, or 200-DMA, a key long-term trend gauge. Now, 56% of altcoins listed on Binance are trading above that level. That suggests the rebound is not confined to a handful of tokens and may signal a broader turn in market conditions.
Darkfost cited comments by President Donald Trump on cryptocurrency as a catalyst for the rally. After Trump mentioned the possibility of large-scale US Bitcoin purchases on Aug. 19 and urged Congress to pass the CLARITY Act, liquidity quickly flowed into altcoins. Thin trading volumes at the time and largely exhausted selling pressure amplified the move.
Based on past market cycles, Darkfost said gains of this magnitude are among the signals that tend to appear in the early phase of an altseason. The Bitcoin-led rally is spreading across the broader altcoin market, and more than half of tokens have reclaimed their long-term moving averages, indicating that upside momentum is broadening.
Still, the sharp rise over a short period means investors should watch for a pullback. Darkfost said the market has entered overbought territory that may require a short-term correction, though further opportunities could emerge if altcoins maintain strong momentum.
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Source: en.bloomingbit.io