Altcoin Market Cap Clears $1.07T as Bitcoin Dominance Weakens

The altcoin market cap has cleared $1.07 trillion, surpassing a key resistance level and sparking hopes for another surge in the altcoin market.

This milestone comes as Bitcoin's dominance weakens, with the Crypto Market Fear and Greed Index rising above 60 on August 20th and remaining there since.

The index's greed values signal bullish market strength, which is further supported by the altcoin market cap growth keeping pace with Bitcoin's recent rally from $76k to back above $80k.

Rising altcoin market cap and falling Bitcoin dominance trends are seen as confirmation of hefty capital flow into the altcoin market, but it's too early to call it 'altseason' yet.