For several months, analysts have been predicting an altcoin season, but those forecasts haven't come to fruition. Recently, Bitcoin's (BTC) price fell to a two-month low of $63,860, reigniting speculation.
Renowned crypto analyst Michael van de Poppe highlighted several key events contributing to the current market dynamics.
The altcoin market cap stands at $213.364 billion, indicating considerable market activity and interest in altcoins.
