- Altcoin Season Index at 35 confirms Bitcoin’s continued dominance in the crypto market.
- Gradual index rise hints at growing altcoin interest, yet Bitcoin still leads the market.
- Ethereum growth and blockchain advances may signal a potential shift toward altcoin focus.
The CoinMarketCap (CMC) Altcoin Season Index registered a score of 35, indicating Bitcoin dominance over the cryptocurrency market. Whereas, a closer look shows there is growing interest in altcoins with key matrices pointing to a shift in market dynamics. This analysis delves into the Altcoin Season Index, its correlation with altcoin market capitalization, and the factors that could contribute to a possible altcoin resurgence.
The metric tracks the performance of the top 100 crypto assets (excluding stablecoins and wrapped tokens) against Bitcoin over 90 days. It currently sits firmly in Bitcoin season territory.
The index defines Bitcoin season as a period when 25% or fewer altcoins outperform Bitcoin. Altcoin season occurs when 75% or more altcoins outperform Bitcoin. The index, updated daily, ranges from 1 to 100, with the current score falling slightly from 37 the previous day.
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