Bitcoin Dominance Hits New High as Altcoin Season Index Plummets
The Altcoin Season Index has fallen to 36, indicating that Bitcoin continues to outperform most major altcoins over the past 90 days. This reading suggests a Bitcoin-dominated market, where investors favor the leading cryptocurrency over smaller digital assets.
The index compares Bitcoin's 90-day price change against that of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens. A score below 50 typically indicates a Bitcoin-led market, while a reading above 75 signals an altcoin season.
At its current level, the index suggests that altcoins may continue to underperform until market sentiment shifts or a new catalyst emerges. This trend has been visible in recent months, with Bitcoin's dominance hovering near multi-year highs.