Bitcoin Leads Market as Altcoin Season Index Slips to 32, BTC Briefly Hits $105K
- CMC Altcoin Season Index falls to 32, which confirms that Bitcoin remains a market leader.
- Fewer than 35% of top altcoins outperform Bitcoin, keeping the index in Bitcoin Season.
- Bitcoin nears all-time highs, fueled by institutional demand and strong price momentum.
The CoinMarketCap (CMC) Altcoin Season Index stands at 32 out of 100 at press time, indicating that the market remains firmly in Bitcoin Season. This reading represents a decrease from yesterday’s value of 37, suggesting growing Bitcoin dominance.
Stablecoins and wrapped tokens are not included in the CMC Altcoin Season Index. It measures the 90-day performance of Bitcoin with that of the top 100 cryptocurrencies. At least 75% of these assets must beat Bitcoin for the market to enter Altcoin Season. Readings below 25 indicate Bitcoin Season, and readings above 75 signal Altcoin Season.
Over the recent weeks, the index has shown modest fluctuations. Last week, the reading stood at 24, while last month registered just 17, both solidly within Bitcoin Season parameters.
Historical data reveals a stark contrast to December 2024, when the index hit its yearly high of 87. This i…
The post Bitcoin Leads Market as Altcoin Season Index Slips to 32, BTC Briefly Hits $105K appeared first on Coin Edition.
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Bitcoin Leads Market as Altcoin Season Index Slips to 32, BTC Briefly Hits $105K
- CMC Altcoin Season Index falls to 32, which confirms that Bitcoin remains a market leader.
- Fewer than 35% of top altcoins outperform Bitcoin, keeping the index in Bitcoin Season.
- Bitcoin nears all-time highs, fueled by institutional demand and strong price momentum.
The CoinMarketCap (CMC) Altcoin Season Index stands at 32 out of 100 at press time, indicating that the market remains firmly in Bitcoin Season. This reading represents a decrease from yesterday’s value of 37, suggesting growing Bitcoin dominance.
Stablecoins and wrapped tokens are not included in the CMC Altcoin Season Index. It measures the 90-day performance of Bitcoin with that of the top 100 cryptocurrencies. At least 75% of these assets must beat Bitcoin for the market to enter Altcoin Season. Readings below 25 indicate Bitcoin Season, and readings above 75 signal Altcoin Season.
Over the recent weeks, the index has shown modest fluctuations. Last week, the reading stood at 24, while last month registered just 17, both solidly within Bitcoin Season parameters.
Historical data reveals a stark contrast to December 2024, when the index hit its yearly high of 87. This i…
The post Bitcoin Leads Market as Altcoin Season Index Slips to 32, BTC Briefly Hits $105K appeared first on Coin Edition.
Read More