The Altcoin Season Index on CoinMarketCap has decreased to 47, indicating marginal changes in altcoin activity over the past 90 days.
Decline of the Altcoin Season Index
On July 22, the Altcoin Season Index on CoinMarketCap fell to 47 after temporarily reaching 55 on July 21. This index highlights the percentage of altcoins that have outperformed Bitcoin over the last 90 days.
Bitcoin's Market Dominance
Despite 47 out of 100 altcoins outperforming Bitcoin over 90 days, Bitcoin's market dominance still persists. The current index does not indicate a true altcoin season, as it is below the 75 threshold.
Ethereum Market Performance
Currently, Ethereum (ETH) is trading at $3,682.36 with a market cap of $444.50 billion. Ethereum has shown a 104.53% increase over the last 90 days despite recent market fluctuations.
Current data shows signs of slight altcoin optimism, but Bitcoin's ongoing dominance suggests that investors should remain cautious regarding the altcoin market.
