Participants of the crypto community continue to await altcoin season. The market's decline following a slight rise on the positive statements from the head of the Federal Reserve regarding the key interest rate in the USA on August 22 heightened concerns.
The crypto market has not yet managed to dive into altcoin season in this cycle. At the time of writing this review, the CoinMarketCap altcoin market activity index indicates that investors are more focused on Bitcoin rather than alternative coins.