The market is recovering, though not strongly, and altcoins are following suit. Notably, CoinMarketCap’s altcoin index stood at 38 at press time, signaling that Bitcoin dominance remains firm.

This was further supported by the Bitcoin Dominance (BTC.D) chart, which was trading at 58.79%, indicating that Bitcoin was still ruling in comparison to altcoins. A closer look at the altcoin index chart shows that by the end of Q1 2026, altcoins appeared poised to shift market dynamics. Instead, weak sentiment led to a pullback.

Mixed community reactions on talks around altseason

Yet, the crypto community seemed quite optimistic about the altcoin season, as noted by an analyst who believes that…