Bitcoin Season Holds in May as Altcoin Index Reads 24
The post Bitcoin Season Holds in May as Altcoin Index Reads 24 appeared on BitcoinEthereumNews.com. Altcoin Season Index score of 24 confirms May 2025 remains a Bitcoin-dominated market cycle Bitcoin dominance strengthens as altcoin market cap dips below $1.1T amid capital rotation Traders track BTC to altcoin ratio chart for signs of a 2025 altcoin rally breakout trigger Bitcoin’s tight grip on the crypto market continues, with a key measure confirming an ongoing ‘Bitcoin Season’. The Altcoin Season Index registered just 24 out of 100 as of 00:38 UTC on May 6, according to CoinMarketCap data. The reading falls below the level required to signal the beginning of an altcoin season, where a broad range of alternative cryptocurrencies outperform Bitcoin. Index Score Confirms Bitcoin Season The Altcoin Season Index offers market insight by tracking the 90-day performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) compared to Bitcoin. A score hitting 75 or higher indicates an ‘Altcoin Season,’ where altcoins broadly outperform Bitcoin. A score of 25 or lower confirms a ‘Bitcoin Season.’ The current reading of 24 clearly places the market in Bitcoin Season territory. Altcoins Still Lag Despite Small Index Rise While the index showed small gains recently, climbing from a yearly low of 12 on April 26, through 16 and 18, to the current 24, it remains far too low to signal an incoming altcoin surge. Despite this increase, the general trend suggests that investor capital concentrates on Bitcoin. For its part, the altcoin market cap has declined from over $1.3 trillion in February to under $1.1 trillion in early April, aligning with the index’s drop to a yearly low of 12 on April 26. Historical Chart Shows Possible Turning Point Even as current conditions favor Bitcoin, a specific chart analysis shared by crypto analyst Sensei is capturing trader interest. This analysis plots the historical Bitcoin-to-altcoin ratio (from 2017 projected…
The post Bitcoin Season Holds in May as Altcoin Index Reads 24 appeared on BitcoinEthereumNews.com.
Altcoin Season Index score of 24 confirms May 2025 remains a Bitcoin-dominated market cycle Bitcoin dominance strengthens as altcoin market cap dips below $1.1T amid capital rotation Traders track BTC to altcoin ratio chart for signs of a 2025 altcoin rally breakout trigger Bitcoin’s tight grip on the crypto market continues, with a key measure confirming an ongoing ‘Bitcoin Season’. The Altcoin Season Index registered just 24 out of 100 as of 00:38 UTC on May 6, according to CoinMarketCap data. The reading falls below the level required to signal the beginning of an altcoin season, where a broad range of alternative cryptocurrencies outperform Bitcoin. Index Score Confirms Bitcoin Season The Altcoin Season Index offers market insight by tracking the 90-day performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) compared to Bitcoin. A score hitting 75 or higher indicates an ‘Altcoin Season,’ where altcoins broadly outperform Bitcoin. A score of 25 or lower confirms a ‘Bitcoin Season.’ The current reading of 24 clearly places the market in Bitcoin Season territory. Altcoins Still Lag Despite Small Index Rise While the index showed small gains recently, climbing from a yearly low of 12 on April 26, through 16 and 18, to the current 24, it remains far too low to signal an incoming altcoin surge. Despite this increase, the general trend suggests that investor capital concentrates on Bitcoin. For its part, the altcoin market cap has declined from over $1.3 trillion in February to under $1.1 trillion in early April, aligning with the index’s drop to a yearly low of 12 on April 26. Historical Chart Shows Possible Turning Point Even as current conditions favor Bitcoin, a specific chart analysis shared by crypto analyst Sensei is capturing trader interest. This analysis plots the historical Bitcoin-to-altcoin ratio (from 2017 projected…
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