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Altcoins are getting hammered following Trump's tariff announcement against the EU. The ripple effects on crypto markets are undeniable—geopolitical tensions and trade policy shifts tend to spook investors away from riskier assets.
Looking at the numbers, the Altcoin Season Index has plummeted to 39, signaling a clear shift away from alternative tokens and back toward BTC dominance. It's a tough reality for those waiting for an altseason bounce.
So here's the million-dollar question: Will 2026 even bring us a proper altcoin season? Or are we locked into a prolonged period where macro headwinds keep risk assets under pressure? Market cycles have surprised us before, but right now the setup doesn't look particularly bullish for alts in the near term.