The altseason and the bull market are two different concepts in the world of cryptocurrencies, although they can sometimes overlap. A bull market refers to a general period in which the prices of cryptocurrencies, including Bitcoin and altcoins (alternative cryptocurrencies to Bitcoin), are rising in a sustained way. This phenomenon is usually driven by factors such as mass adoption, positive news, technological improvements or favorable macroeconomic conditions. It also affects the entire #cryptocurrency market.
On the other hand, the altseason is a more specific period in which altcoins experience a significant increase in their value, generally surpassing that of Bitcoin in terms of percentage return. During the altseason, the focus is on altcoins, which capture the attention of investors and usually offer faster and more pronounced gains than #bitcoin .
A key difference between the two is the relative behavior of Bitcoin and altcoins. In a general bull market, Bitcoin can be the leader of the rally or at least rise along with altcoins, maintaining or even increasing its dominance. In contrast, during the altseason, altcoins tend to outperform Bitcoin, which often results in a decrease in Bitcoin dominance.