Bitcoin’s $100K Push Keeps Altcoin Season on Hold, Index at 32

CoinMarketCap11-23 22:54

The Altcoin Season Index at 32 indicates that Bitcoin currently dominates the market. A slight increase in altcoin performance suggests the potential for a shift in market dynamics. Bitcoin nearing $...

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On November 23, 2024, at 00:30 UTC, the index stood at 32, well below the threshold of 75 required to signify an Altcoin Season.The Altcoin Season Index measures the performance of the top 100 crypto assets  against Bitcoin over a 90-day period. A score below 25 indicates Bitcoin Season, while a reading above 75 signifies Altcoin Season.For the market to enter Altcoin Season, at least 75% of the top 100 coins must outperform Bitcoin during the specified timeframe.The Altcoin Season Index has fluctuated throughout the year, reflecting shifts in market momentum.April 9, 2024: Peaked at 50, the year’s h","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IBIT":"iShares Bitcoin Trust"},"translate_title":"比特币10万美元的推动使山寨币季暂停，指数为32","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1},"content_text":"The Altcoin Season Index at 32 indicates that Bitcoin currently dominates the market.\nA slight increase in altcoin performance suggests the potential for a shift in market dynamics.\nBitcoin nearing $100,000 and the altcoin market cap approaching $492 billion may trigger altseason.\n\nThe crypto market is under Bitcoin dominance, as reflected in the Altcoin Season Index recorded by CoinMarketCap. On November 23, 2024, at 00:30 UTC, the index stood at 32, well below the threshold of 75 required to signify an Altcoin Season.\nThe Altcoin Season Index measures the performance of the top 100 crypto assets (excluding stablecoins and wrapped tokens) against Bitcoin over a 90-day period. A score below 25 indicates Bitcoin Season, while a reading above 75 signifies Altcoin Season.\nFor the market to enter Altcoin Season, at least 75% of the top 100 coins must outperform Bitcoin during the specified timeframe.\n\n\nSource: CoinMarketCap\n\n\n\nThe Altcoin Season Index has fluctuated throughout the year, reflecting shifts in market momentum.\n\nNovember 22: Score of 28\nOne week ago: Score of 41\nOne month ago: Score of 37\nApril 9, 2024: Peaked at 50, the year’s highes…\n\nThe post Bitcoin’s $100K Push Keeps Altcoin Season on Hold, Index at 32 appeared first on Coin Edition.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485320232"}