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Altcoin Season Index – What the numbers show Source: Alphractal The Altcoin Season Index (ASI) has plunged to levels that historically indicate Bitcoin’s dominance over the broader crypto market. With only 11 out of 57 tracked altcoins outperforming Bitcoin over the last 60 days, the index has decisively shifted into “Bitcoin Season.” At press time, the chart demonstrated the steep drop in altcoin performances, contrasting with Bitcoin’s sustained hike. Such a divergence hints at a short-term bearish outlook for altcoins. Worth noting, however, that previous ASI dips have preceded strong altcoin recoveries, raising the possibility of future opportunities. Historical patterns and insights Source: Alphractal Out of 57 altcoins, only 11 have outperformed Bitcoin in the last 60 days, with XRP leading the pack with 117.3% returns, followed by AAVE at 82.0%. However, a majority of the altcoins have lagged, with coins like ETH and PEPE suffering notable declines. Historically, such stark underperformance has often preceded altcoin rebounds, as market rotations shift capital back into alternative assets. Notably, large-cap altcoins like XRP and AAVE tend to act as leaders, signaling early signs of recovery. Rising public interest in altcoins amid market shifts Source: Alphractal Pageviews for coins like XRP, Ethereum, and Dogecoin have spiked significantly too, correlating with periods of heightened volatility in the crypto market. While Bitcoin continues to dominate public attention, altcoins are carving out notable interest as well. This trend is critical, as greater pageviews often signal early stages of retail engagement – A precursor to potential market inflows. Notably, spikes in curiosity tend to align with speculative phases, suggesting that altcoins might regain traction in the next growth cycle. This reinforces the narrative that despite their ongoing underperformance, altcoins remain on investors’ radar. Read Bitcoin’s [BTC] Price Prediction 2025–2026 Bitcoin dominance and impact on altcoins – What’s next? Bitcoin’s…

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Filed under: News - @ January 24, 2025 9:22 pm