Altcoin Season Index Drops to 26: What It Means for Crypto Markets

BitcoinWorld Altcoin Season Index Drops to 26: What It Means for Crypto Markets The CoinMarketCap Altcoin Season Index has fallen to 26, indicating that the current market cycle is firmly in a Bitcoin-dominated phase.

The index, which tracks the performance of the top 100 cryptocurrencies by market capitalization against Bitcoin over the past 90 days, provides a snapshot of whether altcoins are gaining ground or lagging behind the leading digital asset.

Understanding the Altcoin Season Index The index works by comparing the price performance of Bitcoin with that of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens.

When 75% or more of these top 100 coins outperform Bitcoin over the 90-day window, the market is considered to be in an ‘altcoin season.’ Conversely, when fewer coins beat Bitcoin, the market is in a ‘Bitcoin season.’ The index scale runs from 1 to 100, with readings closer to 100 indicating stronger altcoin season conditions.