The recent performance of the cryptocurrency market showcases Bitcoin's dominance, as depicted by the Altcoin Season Index from CoinMarketCap. As of November 23, 2024, at 00:30 UTC, this index was recorded at 32, significantly lower than the threshold of 75 that would indicate the start of an Altcoin Season.
The Altcoin Season Index is a measure used to track the performance of the top 100 crypto assets, excluding Bitcoin, and suggests whether market investors are more inclined towards altcoins or if Bitcoin's influence is more pronounced.
The current low index suggests that Bitcoin's push toward the $100K mark is overshadowing the performance of altcoins, maintaining its dominance and further delaying the much-anticipated altcoin season within the crypto community.
Źródło: coinedition.com ↗