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While Bitcoin surged past $104,000 amid easing global tensions and renewed investor confidence, analysts are now eyeing early signs of a shift toward riskier assets.
Several market observers have flagged an uptick in altcoin momentum, pointing to technical breakouts and capital rotation as possible signs of a longer rally. A key metric tracking market bias recently moved out of a prolonged Bitcoin-dominated phase — a signal some interpret as the beginning of a broader altcoin upswing.
But not everyone’s convinced. Critics argue that enthusiasm is outpacing fundamentals. Despite recent gains, many altcoins remain deeply underwater from previous highs. While some traders see familiar patterns from past bull cycles, others believe the lack of strong narratives and retail engagement makes this cycle harder to trust.
Still, short-term sentiment is bullish. Ethereum’s strong rebound and memecoin spikes hint at rising appetite for speculative assets. The rally, fueled in part by news of progress in U.S.-China trade negotiations and a pause in South Asian geopolitical tensions, appears to be spilling across the board.
Whether this marks the start of a true altseason or just another short-lived pump remains to be seen — but momentum, for now, is building.
The post Altcoin Season or Not? Risk Appetite Returns to Crypto appeared first on Coindoo.
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