Altcoin Season Index Slips to 38: Bitcoin Still Dominates Market Momentum

BitcoinWorld Altcoin Season Index Slips to 38: Bitcoin Still Dominates Market Momentum CoinMarketCap’s Altcoin Season Index has fallen to 38, indicating that the cryptocurrency market is currently favoring Bitcoin over altcoins.

The index, which tracks the price performance of the top 100 cryptocurrencies against Bitcoin over a 90-day period, suggests that Bitcoin is still the dominant force in the market, with fewer altcoins outperforming the leading cryptocurrency.

Understanding the Altcoin Season Index The Altcoin Season Index is a widely followed metric that compares the price performance of Bitcoin with the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens.

When 75% of these top 100 coins have outperformed Bitcoin over the past 90 days, the market is considered to be in an “altcoin season.” Conversely, when fewer coins beat Bitcoin, the market is in “Bitcoin season.” A reading closer to 100 indicates a strong altcoin season, while a reading near zero signals Bitcoin dominance.