The leading cryptocurrency, Bitcoin, has reached a record high of over $109,000 due to the influence of Donald Trump. However, altcoins have not experienced the same success, with many investors at a loss and awaiting an altcoin rally. Analysts at Alphractal have stated that the Altcoin Season Index has sharply declined, suggesting a bear market for altcoins in the short term. Despite this, they believe that this decline presents a buying opportunity based on historical data, as past low values in the indicator have resulted in future recoveries. Additionally, an increase in public interest in altcoins on Wikipedia may indicate the potential for growth in the near future.
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