Bitcoin and Ethereum saw gains in early July as liquidity shifted toward large-cap crypto assets amid cooling broader risk appetite. While the market capitalization of altcoins excluding the top two assets fell 23% in H1 2026 to $666B, recent data shows a shift in momentum. As of July 13, the Altcoin Season Index rose to 58 points, signaling a potential rotation of capital from Bitcoin into the broader altcoin market.
Bitcoin's six-month resilience above $58,000 despite negative news suggests a market bottom, potentially triggering a capital rotation into altcoins.
Read the full storyThe Coin Glass Altcoin Season Index rose to 58, signaling a potential shift in market liquidity from Bitcoin toward broader crypto assets.
The crypto market cap excluding Bitcoin and Ethereum fell to $666B in H1 2026, driven by structural liquidity shifts and a flight to quality assets.
Top cryptocurrencies extended gains on Saturday as investors favored large-cap assets over altcoins amid cooling broader market risk appetite.