Bitcoin Dominance Holds Steady Amid Market Fluctuations

The cryptocurrency market saw significant fluctuations over the past week, with Chainlink experiencing a notable gain of 13.7%. In contrast, Cardano and Uniswap suffered losses of 10% and 18.5%, respectively.

Bitcoin, which holds 56.14% of the $2.252 trillion market share, dipped by 3.2% over the week. Meanwhile, Ethereum held a value of 10.08%. The remaining market share is distributed among various altcoins, with some experiencing significant gains and losses.

The altcoin season index measures the performance of large alternative coins against Bitcoin's price over a set window, typically 90 days. However, this week's results do not indicate an altseason. A real altseason requires most large coins to outperform Bitcoin together, which is not the case here.