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Altcoin season signal rises as Bitcoin falls faster, not due to altcoin rally.

Market News
23 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Glassnode's Altcoin Cycle Signal has surged to 86, indicating an 'altcoin season.' However, this rise is not because altcoins are rallying but because Bitcoin is dropping faster than altcoins. After nearly two years of decline, altcoins have stabilized while Bitcoin's price has fallen sharply toward $63,600. This situation reflects Bitcoin's weakness rather than strong demand for altcoins, meaning the market overall remains bearish until altcoins begin rising independently.

More News

EU approves Cenrifki as first drug targeting disability progression in secondary progressive multiple sclerosis without relapses

EU approves Cenrifki as first drug targeting disability progression in secondary progressive multiple sclerosis without relapses

The European Commission has approved Cenrifki (tolebrutinib) by Sanofi for treating secondary progressive multiple sclerosis (SPMS) without relapses, based on positive phase 3 trial results showing it delays disability progression. This is the first ...

Market News
Bullish
1 hour ago
argenx hosts webinar on advancing FcRn leadership in autoimmune myositis R&D

argenx hosts webinar on advancing FcRn leadership in autoimmune myositis R&D

argenx, a global immunology company, is hosting a webinar on June 23, 2026, focused on advancing research and development of FcRn blockers for autoimmune myositis. The event features argenx's management and scientific leaders alongside key external e...

Others
Bullish
1 hour ago
Signify unveils strategy to boost focus, performance, and shareholder value by 2029.

Signify unveils strategy to boost focus, performance, and shareholder value by 2029.

Signify announced a new strategy at its 2026 Capital Markets Day to become a more focused and better-performing company by 2029. The plan includes prioritizing growth in connected lighting and consumer segments while optimizing less profitable areas....

Market News
Bullish
1 hour ago
EU approves Sanofi's Cenrifki for secondary progressive multiple sclerosis without relapses

EU approves Sanofi's Cenrifki for secondary progressive multiple sclerosis without relapses

The European Commission has approved Sanofi's Cenrifki (tolebrutinib) as the first medicine targeting disability progression in secondary progressive multiple sclerosis (SPMS) without relapses. Approval is based on positive phase 3 clinical trial res...

Market News
Bullish
1 hour ago
CTO confidence in scaling AI drops to 48% despite rising investments, highlighting integration challenges.

CTO confidence in scaling AI drops to 48% despite rising investments, highlighting integration challenges.

Akkodis' 2026 study reveals CTO confidence in scaling AI has fallen from 82% in 2024 to 48% in 2026, despite rapid AI adoption and increased investments. The main challenge is not technology but integrating AI into company systems, processes, and dec...

Market News
Neutral
2 hours ago
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