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Bitcoin Dominance Grows, Altcoin Season Moves Further Away

Bitcoin Dominance Grows, Altcoin Season Moves Further Away

HappyCoinNewsHappyCoinNews2024/12/21 04:00
By:HappyCoinNews

Altcoin Season Index CoinMarketCap, the most important indicator for crypto investors, dropped to 37. Yesterday it was at 46, and a week ago it reached 65.

Bitcoin Dominance Grows, Altcoin Season Moves Further Away image 0

Altcoin Season Index CMC

Altcoin Season Index shows in real time how the 100 largest cryptocurrencies have performed against Bitcoin over the past 90 days. It does not include stablecoins such as Tether and DAI, as well as asset-backed tokens such as WBTC, stETH and cLINK.

Bitcoin season begins when less than 25% of altcoins outperform Bitcoin At least 75% of the 100 coins need to outperform BTC for the altcoin season to be complete.

The index's annual maximum (87) was recorded on December 4, and its minimum (13) occurred on September 3.

Despite the fact that the current altcoin season index down from last week, it still signals strong investor interest in altcoins. Experts say the shift in priorities in the crypto market is due to increased innovation and strong demand in the altcoin ecosystem. Investors remain optimistic and are betting that cryptocurrencies such as Ethereum и Solana , will continue to grow in 2025.

But Bitcoin remains the largest cryptocurrency by market cap, currently at $1,87 trillion. The total altcoin market cap has reached $1,42 trillion.

EN @happycoinnews
EN @happycoinnews_en
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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