Is altcoin season here as Bitcoin reaches a new all-time high?

Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit.

Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donald Trump in the US presidential election.

On-chain data shows the Altcoin Season Index has more room for growth as capital flows more into BTC than altcoins.