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Altcoin Season Index Drops to 35, Highlighting Bitcoin's Growing Dominance

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2 hours ago


The Altcoin Season Index (ASI) fell to 35, indicating a potential shift toward a Bitcoin season. This decline suggests that Bitcoin's market performance is strengthening relative to altcoins.

Trends of the Altcoin Season Index

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.

Current Market Analysis

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.

Historical ASI Trends

Historical trends show a low ASI of 13 in September and a balanced high of 50 in April this year. The current score may indicate growing interest in altcoins, even with a stable $900 billion market cap.

The drop in the Altcoin Season Index highlights the potential strengthening of Bitcoin's dominance in the market. It also suggests a gradual increase in interest for altcoins, despite a stable market capitalization.

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