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Altcoin Season Index Falls to 15 as Bitcoin Dominance Accelerates

Altcoin Season Index Falls to 15 as Bitcoin Dominance Accelerates

The Altcoin Season Index shows signs of recovery, rising to 27 from mid-December’s 14, with 27 top cryptocurrencies outperforming Bitcoin over 90 days.

BTC

Summary

CoinMarketCap data on January 4 indicates the Altcoin Season Index at 27, up from 14 on December 19. This marks a rebound from recent lows, with 27 of the top 100 cryptocurrencies outperforming Bitcoin over the past 90 days. The improvement contrasts with previous readings of 15 and 16 late last month, suggesting a slight shift in relative performance toward altcoins.

Terms & Concepts
  • Altcoin Season Index: A metric indicating whether altcoins are outperforming Bitcoin over a defined timeframe.
  • Bitcoin dominance: A measure of Bitcoin’s share of the total cryptocurrency market capitalization, reflecting its relative strength versus altcoins.
  • Altcoin: Any cryptocurrency other than Bitcoin.