Crypto enthusiasts and various metrics are signaling the start of an altcoin season, highlighted by the potential surge of alternative cryptocurrencies.

Bitcoin (BTC) experienced a significant downturn after briefly reaching a record high of $69,324 on March 5.

In contrast, altcoins, particularly those themed around memes and artificial intelligence, have recently outperformed Bitcoin, sparking discussions about the arrival of an altcoin season.

This shift comes as Bitcoin's excursion to just over $69,000 propelled the global cryptocurrency market value beyond the $2.5 trillion mark, signaling a bullish trend.

As of the latest reports, the market capitalisation stands at approximately $2.52 trillion, underlining the growing interest and value in the crypto space beyond just Bitcoin.