Glassnode's Altcoin Cycle Signal has shifted to altcoin season as Bitcoin surpasses $87K and altcoin gains broaden market participation.

Macro & Markets · 2026-09-22

Glassnode's Altcoin Cycle Signal shifted to altcoin season this week as Bitcoin surpassed $87,000 and broader market participation expanded across altcoins including ETH, BNB, and XRP. The total crypto market cap reached over $3 trillion, with Bitcoin's share at 57%, after an August rally that had primarily benefited only Bitcoin. Analysts hold divergent views on the rally's durability, with some forecasting potential pullbacks while others anticipate sustained upward momentum.

Previously on Telem

Bitcoin surges past $87K on ETF inflows, settles at $86K 2026-09-22
BNB market capitalization exceeds BNY Mellon for first time 2026-09-22
Bitcoin surges above $85,000, liquidations top $750 million 2026-09-21
XRP ETFs reach $1.72B cumulative inflows, SOL extends 12-week streak 2026-09-20
XRP drops 8% below $1.30 after Senate CLARITY Act failure 2026-09-20