Key Notes

Bitcoin dominance dropped to 59.5%, signaling capital rotation into altcoins.

The altcoin market cap has jumped over 50% since early July.

Institutional adoption and ETF filings add momentum to the altcoin rally.

Altcoins are gaining strength in the cryptocurrency market, with analysts at Coinbase suggesting that September could mark the start of a full-scale altcoin season. This comes amid a major drop in Bitcoin dominance as institutional interest in Ethereum ETH $4 650 24h volatility: 1.8% Market cap: $561.47 B Vol. 24h: $65.51 B keeps growing.

Coinbase Institutional’s head of research, David Duong, noted that Bitcoin’s share of the total crypto market cap has dropped from over 65% in May to about 59% in August, a level not seen since Janua

See Full Page