š„ Trump Might Have Sparked the Start of Altseason
Trumpās recent remarks may have ignited the early stages of altseason, according to analysts at CryptoQuant.
Between August 19 and 22, the altcoin market cap surged over 24%, gaining $215 billion. Total2āthe total crypto market value excluding Bitcoināhas reclaimed a spot above $1 trillion. Mid- and small-cap tokens were the main drivers of this rally.
Currently, 56% of altcoins are trading above their 200-day moving average, a significant jump from just 15ā20% previously. CryptoQuant describes this shift as a potential regime change, though they caution that the market appears overbought and could consolidate before resuming upward momentum.
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1August 25, 2026 4.7K 1
