From Pullback to Comeback: Altcoin Season Hype Builds as Market Recovers

• Global crypto market cap rises to $3.87 trillion, up 1.2% in 24 hours.
• Pullback linked to U.S. inflation and producer price index data, not structural weakness.
• Ethereum maintains key support above $4,100, keeping its bullish outlook intact.

After a sharp pullback, the crypto market is showing early signs of recovery. The global market cap stands at $3.87 trillion, up 1.2% in the past day, with Bitcoin trading near $113,700 and Ethereum above $4,290.

According to Coinbase’s Head of Research, David Duong, the recent market pullback began with U.S. economic data. Inflation numbers from the Consumer Price Index (CPI) looked fine earlier last week at 2.7%. But then came the Producer Price Index (PPI), which surprised the market.

At the same time, traders are watching the Jackson Hole Economic Symposium, where the Federal Reserve could deliver “hawkish” signals about interest rates. This created the perfect excuse for a cool-off after months of gains in Bitcoin, Ethereum, and other altcoins. In short, the pullback was less about disaster and more about timing.

When Is Altcoin Season Coming?

Even with the pullback, the big question remains: when will…

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