Altcoins crash as market loses $600 Billion – But is the worst over? – BitRss

• Altcoins struggle with Bitcoin dominance, but some analysts see signs of a potential comeback.
• Altcoin season index hits a multi-month low — contrarian signals suggest a possible reversal.

Altcoins are bleeding, but not everyone’s out of hope.

CoinMarketCap’s altseason index has slumped to 17 — nowhere near the level that marks a healthy altcoin cycle.

With a staggering $600 billion erased from the market and altcoin capitalization down 38% from its all-time high, the mood is grim. Still, some analysts aren’t throwing in the towel.

Beneath the wreckage, they see early signs of rotation and the groundwork for a possible comeback.

Is this the market bottom altcoins have been crawling toward — or just a brief pause before another flush?

Altcoins hit multi month low

CoinMarketCap’s Altcoin Season Index has plunged to 17 at press time, signaling deep Bitcoin season territory.