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Altcoin Season Index Hits 79, Extending Four-Day Streak in Bullish Zone

The index reflects a recent decline in altcoin dominance, dropping to 62 after reaching a near-term peak of 78 earlier this week.

BTC

Summary

The Altcoin Season Index fell to 62 on September 22, down from a peak of 78 on September 20. This metric shows that about 62 of the top 100 cryptocurrencies have outperformed Bitcoin over the past 90 days, signaling a cooling of the recent altcoin rally.

Terms & Concepts
  • Altcoin Season Index: A metric indicating when a majority of altcoins outperform Bitcoin over a set period, often signaling increased investor focus on alternative cryptocurrencies.
  • Altcoin Season: A market phase when a significant number of altcoins gain value faster than Bitcoin, typically measured by performance over 90 days.