Altcoin market cap clears $1.07T as Bitcoin dominance weakens – Is altseason forming?

The Crypto Market Fear and Greed Index rose above 60 on the 20th of August and hasn’t dropped below this mark since. Greed values signal bullish market strength.

The latest Bitcoin [BTC] rally from $76k back above $80k has led to another surge in bullish sentiment. The altcoin market cap growth, as a collective, has kept pace with Bitcoin, too.

Altcoin market cap clears key resistance level, but it is not yet altseason

In doing so, the altcoin market cap (including Ethereum) crossed the $1.07 trillion level. It marked the mid-level of a long-term range. Clearing it was an important development and could be the start of another attempt to climb to and clear the range high at $1.71 trillion.

The altcoin season index was only at 54. Usually, market extremes are reached when the index scores reach above 80, which previously happened in September 2025, just weeks before Bitcoin made its all-time high.

It is not yet altseason. Rising altcoin market cap and falling Bitcoin dominance trends, if they come true in the coming weeks, will serve as confirmation of hefty capital flow into the altcoin market.

Altcoin strength set to continue

As a share of Bitcoin’s Open Interest, the altcoin OI has not reached risk levels, noted Glassnode in a post on X. A resurgent Ethereum also helped make the case that the altcoin strength would continue in the coming days and weeks.