Altcoin Season Index Retreats, Signaling Bitcoin’s Growing Dominance
- The Altcoin season Index dropped to 35, signaling a stronger performance trend for Bitcoin.
- A gradual rise in the ASI indicates growing interest in altcoins, even with a stable $900B market cap.
- Historical trends show a low ASI of 13 in September and a balanced high of 50 in April this year.
The Altcoin Season Index (ASI) fell to 35, indicating a potential shift toward a Bitcoin season. This three-point drop suggests that Bitcoin’s market performance is strengthening relative to altcoins.
The ASI, tracked by CoinMarketCap (CMC), measures the performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) over the past 90 days. An Altcoin Season occurs when at least 75% of these assets outperform Bitcoin. Conversely, Bitcoin Season occurs when fewer than 25% of altcoins outperform Bitcoin.
Index Trends and Market Dynamic
The ASI uses a score from 1 to 100 to indicate whether the market favors altcoins or Bitcoin. A score above 75 signals Altcoin Season, while a score below 25 indicates Bitcoin dominance.
Yesterday, the index was at 36, compared to 34 a week ago and 23 last month. The yearly high of 50…
The post Altcoin Season Index Retreats, Signaling Bitcoin’s Growing Dominance appeared first on Coin Edition.
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Altcoin Season Index Retreats, Signaling Bitcoin’s Growing Dominance
- The Altcoin season Index dropped to 35, signaling a stronger performance trend for Bitcoin.
- A gradual rise in the ASI indicates growing interest in altcoins, even with a stable $900B market cap.
- Historical trends show a low ASI of 13 in September and a balanced high of 50 in April this year.
The Altcoin Season Index (ASI) fell to 35, indicating a potential shift toward a Bitcoin season. This three-point drop suggests that Bitcoin’s market performance is strengthening relative to altcoins.
The ASI, tracked by CoinMarketCap (CMC), measures the performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) over the past 90 days. An Altcoin Season occurs when at least 75% of these assets outperform Bitcoin. Conversely, Bitcoin Season occurs when fewer than 25% of altcoins outperform Bitcoin.
Index Trends and Market Dynamic
The ASI uses a score from 1 to 100 to indicate whether the market favors altcoins or Bitcoin. A score above 75 signals Altcoin Season, while a score below 25 indicates Bitcoin dominance.
Yesterday, the index was at 36, compared to 34 a week ago and 23 last month. The yearly high of 50…
The post Altcoin Season Index Retreats, Signaling Bitcoin’s Growing Dominance appeared first on Coin Edition.
Read More
Bitcoin (BTC) Price Prediction for May 17