The cryptocurrency market is showing signs of an altcoin season as Bitcoin's dominance declines and alternative coins experience significant gains. Currently, Bitcoin's market share has dropped from 65% in May to 59% in August, indicating shifting investment trends. Crypto.com's Cronos (CRO) has surged over 120% in the past week, driven by partnerships with Trump Media and plans to integrate its wallet into Truth Social. Other altcoins like Solana have also shown impressive performance, with a 16% increase. In contrast, Bitcoin and Ethereum appear to be taking a breather, with Bitcoin trading modestly at $112,497 and Ethereum holding above $4,494. Technical indicators suggest that Bitcoin's trend is weak, providing an environment ripe for altcoin outperformance, while Ethereum maintains a stronger trend, possibly leading any altcoin rally. The market overall remains above $3.9 trillion, with the Altcoin Season Index now at 53, suggesting potential further gains for altcoins as liquidity conditions improve.

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