Altcoin Season Index Rises to 48, Signaling Continued Bitcoin Season
The post Altcoin Season Index Rises to 48, Signaling Continued Bitcoin Season appeared on BitcoinEthereumNews.com.
The Altcoin Season Index, tracked by CoinMarketCap (CMC), rose by four points to 48 on January 24, 2025, as of 00:30 UTC. Despite the increase, the index indicates the market remains firmly in Bitcoin Season, meaning Bitcoin continues to outperform most altcoins in the cryptocurrency market. The Altcoin Season Index, updated daily, compares the performance of the top 100 coins (excluding stablecoins and wrapped tokens) against Bitcoin over the past 90 days. For the market to enter Altcoin Season, 75% or more of these coins must outperform Bitcoin. What is the Altcoin Season Index? The Altcoin Season Index is a market sentiment indicator that helps investors understand whether the cryptocurrency market is favoring altcoins or Bitcoin: Altcoin Season: Occurs when 75% or more of the top 100 coins outperform Bitcoin over the past 90 days. Bitcoin Season: Occurs when 25% or fewer coins outperform Bitcoin, signaling Bitcoin dominance in the market. Current Market Dynamics: Bitcoin Season at 48 With the index at 48, the market remains in Bitcoin Season, signaling the following trends: Bitcoin Outperformance Most altcoins are struggling to match Bitcoin’s performance, which has shown steady growth in recent months. Investor Preference Investors are favoring Bitcoin as a safer and more stable asset amid ongoing volatility in the altcoin market. Altcoin Momentum While Bitcoin leads, the slight rise in the index (from 44 to 48) suggests some altcoins are starting to close the performance gap. How is the Altcoin Season Index Calculated? The Altcoin Season Index considers the 90-day performance of the top 100 coins listed on CoinMarketCap: Excludes Stablecoins and Wrapped Tokens Coins like USDT (Tether) or WBTC (Wrapped Bitcoin) are omitted to ensure accurate comparisons. Outperformance vs. Bitcoin The index measures how many coins have outperformed Bitcoin in price gains. Daily Updates The index is recalculated daily…
Filed under: News - @ January 26, 2025 11:22 am