Altcoin Season Index Drops to 33: Bitcoin Dominance Persists in Crypto Market

BitcoinWorld Altcoin Season Index Drops to 33: Bitcoin Dominance Persists in Crypto Market CoinMarketCap’s Altcoin Season Index fell by two points to 33, indicating that the cryptocurrency market continues to favor Bitcoin over altcoins.

The index, which measures the performance of the top 100 cryptocurrencies by market capitalization against Bitcoin over the past 90 days, has been trending lower in recent weeks, signaling a prolonged Bitcoin season.

Understanding the Altcoin Season Index The Altcoin Season Index is a metric published by CoinMarketCap that helps traders and investors gauge market cycles. It compares the price performance of Bitcoin with that of the top 100 coins, excluding stablecoins and wrapped tokens.

When 75% or more of these coins outperform Bitcoin over a 90-day period, the market is considered to be in an “altcoin season.” Conversely, a reading below 25 typically indicates Bitcoin season, where Bitcoin is outperforming most altcoins.