The cryptocurrency market’s altcoin performance continues to lag behind Bitcoin, with the Altcoin Season Index settling at 17 as of December 26, according to CoinMarketCap data tracked by Blockbeats. This represents a slight decline from the previous day’s reading of 18, underscoring the persistent weakness in alternative coin valuations against Bitcoin.
The index provides insight into altcoin strength by comparing how many of the top 100 cryptocurrencies have managed to outperform Bitcoin over a 90-day rolling window. Currently, only approximately 17 projects fall into this category—a stark contrast to the index’s September 20 peak of 78, when the altcoin market was considerably more robust.
With the index hovering at such depressed levels, the data suggests that altcoin season remains a distant prospect for the broader cryptocurrency ecosystem. Bitcoin’s sustained dominance continues to overshadow alternative assets, keeping altcoin participation at historically suppressed levels.
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Altcoin Momentum Remains Subdued: Season Index Dips to 17
The cryptocurrency market’s altcoin performance continues to lag behind Bitcoin, with the Altcoin Season Index settling at 17 as of December 26, according to CoinMarketCap data tracked by Blockbeats. This represents a slight decline from the previous day’s reading of 18, underscoring the persistent weakness in alternative coin valuations against Bitcoin.
The index provides insight into altcoin strength by comparing how many of the top 100 cryptocurrencies have managed to outperform Bitcoin over a 90-day rolling window. Currently, only approximately 17 projects fall into this category—a stark contrast to the index’s September 20 peak of 78, when the altcoin market was considerably more robust.
With the index hovering at such depressed levels, the data suggests that altcoin season remains a distant prospect for the broader cryptocurrency ecosystem. Bitcoin’s sustained dominance continues to overshadow alternative assets, keeping altcoin participation at historically suppressed levels.