Bitcoin Crosses $90,000: Does the Uptrend Finally Kick Off Altcoin Season?
The post Bitcoin Crosses $90,000: Does the Uptrend Finally Kick Off Altcoin Season? appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) price is climbing above the much-anticipated $90,000 mark, while Ethereum (ETH), XRP (XRP), Solana (SOL), and Dogecoin (DOGE) are following suit; however, analysts emphasize that the main trend is still downward and it may be too early for a classic altcoin season. Following a sharp sell-off over the weekend, the cryptocurrency market began the new week with a strong recovery. Bitcoin settled back into the $89,000-$92,000 range, while investors’ expectations of a Fed interest rate cut in December fueled buying in both stocks and crypto assets. In the last 24 hours, BTC rose approximately 3.9%, while Ethereum gained 3.4%, XRP gained over 1%, and Solana and Dogecoin gained around 2%. Data suggests that the backdrop for this surge is the liquidation of short positions. A total of $365 million worth of positions were liquidated in the last 24 hours, approximately $255 million of which were short-held. According to Binance data, approximately 70% of open BTC positions remain long. Meanwhile, rather than confirming the market rally, the Crypto Fear & Greed Index remains in the “extreme fear” zone, suggesting the rally could be fragile. Overall, the global crypto market capitalization increased by over 2.5% in the last 24 hours, reaching approximately $3.03 trillion. Among the day’s fastest-rising altcoins were relatively small-cap projects like Rain (RAIN) and Fartcoin (FARTCOIN), while more established projects like Helium (HNT) also saw a surge of over 20%. This chart suggests a strong buying reaction in select altcoins, but a market-wide rally hasn’t yet begun. It may be too early for altcoin season On-chain and derivatives data suggest that Bitcoin’s rally may remain largely in the “relief rally” category for now. CryptoQuant notes that Bitcoin open interest has experienced one of its sharpest declines of the cycle in the last 30 days, a “clean-up phase”…
Filed under: News - @ November 27, 2025 9:21 am