Despite a slight consolidation, $BTC (+0,75 %) dominance remains elevated at 58–59%—well below the mid-2025 high but clearly above the lows of 2022–2023. The 3-Month Altseason Index also confirms this picture: It mostly hovers below the neutral mark of 50 and rarely manages to sustain a level above 75—the threshold for a true altcoin season. Since 2023, there has been no clear regime shift, only brief phases of increased risk appetite for altcoins.
Last week’s recovery is noteworthy given the headwinds that preceded it: The CLARITY Act failed in the Senate on September 15, followed the next day by the Fed’s interest rate decision—yet the market still posted a noticeable gain.
The decisive impetus came from the regulatory authorities themselves: The SEC (U.S. Securities and Exchange Commission) and the CFTC (U.S. Commodity Futures Trading Commission) are demonstrating, through their Innovation Exemption and proposed framework, respectively, that regulatory clarity can also advance through administrative channels while Congress continues to block progress.
At the same time, the agentic economy is taking shape: Autonomous machines require machine-native payment infrastructure—a need that points to programmable money in the form of stablecoins.
Whether this marks the beginning of a broader altcoin season or is merely another isolated spike remains to be seen.
$ETH (+1,53 %)
$XRP (+2,69 %)
$SOL (+3,55 %)
$HYPE (+1,42 %)
