Live updates: An 'altcoin season' signal flashed, but bitcoin's slide is what set it off

60-second summary

Bitcoin is sliding back toward $63,600, sparking a potential 'altcoin season' signal as altcoins have steadied after nearly two years of declines, running out of sellers. This development suggests a shift in market dynamics, with altcoins poised to gain traction as bitcoin's dominance wanes, impacting overall market sentiment and investor confidence.