The cryptocurrency market is facing challenges, with 96% of NFTs deemed "dead" as the market struggles with speculation. Bitcoin ETFs have seen over $1 billion in outflows in just 8 days, indicating investor caution.

Altcoin season chatter is heating up on various platforms, but the altcoin index indicates that the season is still far off. This follows a period of Bitcoin weakness, which has fueled speculation about a potential altseason.

Cardano founder Charles Hoskinson has discussed the upcoming Cardano hard fork, while Solana's price has fallen 12% as the Pump.fun platform sold $41 million worth of SOL tokens. Analysts are focusing on altcoins as Bitcoin experiences a price decline, hoping for a potential altseason.

Source: https://crypto.aabeyllc.com/altcoin-season-kicks-off-bitcoin-weakness-fuels-speculation/

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