The CoinMarketCap Altcoin Season Index surged to 56 over the past 24 hours, marking a three-month high as capital rotates from Bitcoin into alternative assets. The index has risen significantly from 45 a week ago and 38 a month ago, signaling broad strengthening across the altcoin market.
Bitcoin entered a consolidation phase around $84,000 after climbing from below $63,000 in August to nearly $87,000 earlier this week. As the flagship cryptocurrency stabilized, tokens including Chainlink (LINK), ICP, and Bittensor (TAO) recorded price gains amid the shifting market momentum.
Altcoin Season Index Hits Three-Month High as Bitcoin Consolidates Near $84,000
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