Altcoin Season Index Signals Market Shift

The post Altcoin Season Index Signals Market Shift appeared on BitcoinEthereumNews.com.

Hey crypto enthusiasts! Ever wonder whether it’s the right time to focus on Bitcoin or explore the vast world of altcoins? One popular metric that helps gauge the prevailing trend in the crypto market is the Altcoin Season Index. Right now, this index is sending a clear signal: we are firmly in Bitcoin Season. Understanding the Altcoin Season Index The Altcoin Season Index, a valuable tool provided by platforms like CoinMarketCap (CMC), gives us a snapshot of how altcoins are performing relative to Bitcoin over a specific period. As of June 20, the index registered a score of 22. This figure, remaining unchanged from the previous day, points decisively towards a market environment where Bitcoin is generally outperforming the majority of alternative cryptocurrencies. Here’s a breakdown of how the index works: It tracks the performance of the top 100 cryptocurrencies by market capitalization listed on CoinMarketCap. Stablecoins (like USDT, USDC) and wrapped tokens (like wBTC) are excluded to provide a clearer picture of speculative asset performance. The comparison is made over the past 90 days. The index score ranges from 1 to 100. The thresholds for defining the ‘season’ are key: Index Score Range Market Condition Criteria 75 – 100 Altcoin Season At least 75% of top 100 altcoins outperformed Bitcoin over the last 90 days. 25 – 74 Neither Season The market is mixed; neither Bitcoin nor altcoins show clear dominance. 1 – 24 Bitcoin Season 25% or fewer of top 100 altcoins outperformed Bitcoin over the last 90 days. With the index currently at 22, it falls squarely into the ‘Bitcoin Season’ category, indicating that in the last three months, a significant majority of the top altcoins have lagged behind Bitcoin’s performance. What Does Bitcoin Season Mean for the Crypto Market? When the Altcoin Season Index signals Bitcoin…