Altcoin Season Index Inches Up to 28: What It Signals for the Crypto Market

BitcoinWorld Altcoin Season Index Inches Up to 28: What It Signals for the Crypto Market The Altcoin Season Index, a widely followed gauge of market sentiment, rose two points to 28 on Wednesday, up from 26 the previous day.

The reading suggests that despite a slight uptick, Bitcoin continues to dominate the cryptocurrency market, with altcoins still far from triggering a full altcoin season.

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

An altcoin season is declared when 75% of these top 100 coins outperform Bitcoin over a 90-day period. Conversely, a reading closer to 0 indicates a Bitcoin season, where the leading cryptocurrency outperforms most altcoins.