The CoinMarketCap Altcoin Season Index shows a decrease to 32, indicating Bitcoin's continued dominance in the market.
Altcoin Season Index Analysis
Currently, the CoinMarketCap Altcoin Season Index stands at 32 out of 100, indicating that the market remains in 'Bitcoin Season.' For the market to transition to 'Altcoin Season,' at least 75% of the top 100 cryptocurrencies must outperform Bitcoin. Readings below 25 signal 'Bitcoin Season,' whereas readings above 75 indicate 'Altcoin Season.'
Current Situation of Bitcoin
Recent changes show that fewer than 35% of top altcoins outperform Bitcoin, confirming the current state of the index. Bitcoin is demonstrating growth and nearing all-time highs, driven by institutional demand and strong price momentum.
Historical Data and Forecasts
Historical data reveals that in December 2024, the index hit its yearly high of 87. Over the past weeks, the index has shown modest fluctuations while remaining firmly in 'Bitcoin Season.'
The drop in the Altcoin Season Index to 32 confirms Bitcoin's ongoing dominance in the cryptocurrency market. In the coming month, we will monitor the situation as further changes in the weight of altcoins may occur.
