Coinbase: Altcoin Season Is Coming
Main Idea
Coinbase predicts an upcoming altcoin season where altcoins are likely to outperform Bitcoin, influenced by potential Federal Reserve rate cuts and shifts in market dominance.
Key Points
1. Coinbase reports that altcoins (likely 75%) will outperform Bitcoin in the near future.
2. The U.S. Federal Reserve is expected to implement a 25-basis-point rate cut in September, with a 75% probability according to Polymarket bettors.
3. Bitcoin's market cap dominance has dropped to 59.39%, a 10.21% decline since late June.
4. Ethereum (ETH) reached a new 2025 peak of 0.039 BTC on August 14.
5. The potential rate cut could 'unlock' further market movements for cryptocurrencies.
Description
Coinbase claims that a "full-scale" altcoin season could be on the horizon
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