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.
