Dogecoin led a rebound in altcoins, jumping 5.1% to $0.22, driven by the announcement of a proposed ETF from REX Shares. Other cryptocurrencies, including TRON and XRP, also saw gains of 2.4% and 2% respectively. The upward movement comes after investors reacted to U.S. jobs data and rate cut expectations, indicating a potential for renewed retail activity in the crypto market. Analysts suggest that an 'alt-season' may be developing despite previous sell-offs, with macroeconomic factors playing a crucial role. The optimism surrounding ETFs, especially for Dogecoin, has sparked increased interest in the market, suggesting a turbulent yet promising period ahead for cryptocurrencies.

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