Altcoin Season Index Drops to 47, Bitcoin Maintains Dominance

On July 22, the Altcoin Season Index on CoinMarketCap indicated a drop to 47 after temporarily reaching 55 on July 21. This index highlights the percentage of altcoins outperforming Bitcoin over the last 90 days.

The Altcoin Season Index, managed by CoinMarketCap under Binance Capital Mgmt, recently fell. Approximately 47 out of the top 100 altcoins have outperformed Bitcoin over 90 days. Bitcoin’s market dominance persists; the current index does not signify a true altcoin season as it is below the 75 threshold.

Bitcoin Dominance Persists Amidst Altcoin Fluctuations

The Altcoin Season Index, managed by CoinMarketCap under Binance Capital Mgmt, recently fell. Approximately 47 out of the top 100 altcoins have outperformed Bitcoin over 90 days. Bitcoin’s market dominance persists; the current index does not signify a true altcoin season as it is below the 75 threshold.

While Bitcoin maintains market leadership, growth in altcoin sentiment is noticeable. Over the past year, only fleeting shifts in Bitcoin and altcoin dynamics have occurred. The market awaits signs of a potential altcoin season. However, there are no significant announcements from key figures or industry leaders to suggest a large-scale shift.

“The Altcoin Season Index currently stands at 47, indicating marginal optimism for altcoins.”

Ethereum Market Performance

Did you know? The Altcoin Season Index reaching 87 in December 2024 marked a peak when most altcoins outpaced Bitcoin, demonstrating the impact such indices can have on market strategies.

Ethereum (ETH) currently holds a price of $3,682.36 with a market cap of $444.50 billion, according to CoinMarketCap. Ethereum leads with an 11.46% market share. Its robust performance over the past 90 days shows a 104.53% increase, despite recent market fluctuations.

Analysts from Coincu note that the current index position, while indicating a modest altcoin recovery, suggests Bitcoin’s continued market control. The index’s historical rise and fall illustrate market volatility and reinforce Bitcoin’s enduring dominance.