Crypto market recap: Altcoin Season Index ticks up to 33

Crypto market recap: Altcoin Season Index ticks up to 33
Crypto market cap climbs 4% to $3.57T

​The cryptocurrency market saw a broad recovery on Monday after U.S. lawmakers reached a deal to avert a government shutdown, restoring investor confidence across risk assets. 

The total crypto market cap climbed 4.33% to $3.57 trillion, while the Fear & Greed Index improved to 29 (fear), suggesting cautious optimism. Bitcoin rose 4.27% over the past 24 hours to $106,217, maintaining weekly losses of just 1.17%. Analysts attributed the rally to easing macroeconomic uncertainty and growing institutional stability, as risk sentiment improved following a turbulent start to November.

Ethereum, Solana, and altcoins post strong daily gains

Ethereum led the recovery with a 5.8% surge to $3,606, boosted by a sharp drop in network fees to just 0.067 gwei, making on-chain activity cheaper and more accessible. Solana also rallied 5.78%, while XRP jumped 7.9% amid renewed enthusiasm for real-world utility and payment expansion. 

Smaller-cap tokens like Chainlink and Hyperliquid gained 6.8% and 6.7%, respectively, as investors rotated into high-performing DeFi assets. Meanwhile, BNB and Cardano saw modest rebounds of 1.8% and 5.6%, signaling a potential short-term altcoin revival as the Altcoin Season Index rose to 33/100.

Political and economic shifts set stage for renewed volatility

While market sentiment improved, analysts warned that volatility could return amid ongoing trade tensions and policy shifts. Reports indicate that a proposed “Trump 2000” tariff plan may weigh on global markets, potentially affecting crypto-linked equities and liquidity. 

However, optimism persists after Trump Media’s Q3 report revealed continued crypto expansion despite losses, highlighting political interest in digital assets ahead of the 2026 election cycle. With the Average Crypto RSI now at 57.4, the market sits near neutral territory — a sign that momentum may build if macroeconomic stability continues and U.S. fiscal uncertainty remains contained.

Recently we wrote that Trump promises Americans $2,000 “dividends” from global tariffs.

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