Crucial Index Signals Bitcoin Dominance
The post Crucial Index Signals Bitcoin Dominance appeared on BitcoinEthereumNews.com. Are you tracking the pulse of the Crypto Market? If so, you’ve likely heard of the Altcoin Season Index. This crucial metric offers insights into whether altcoins are broadly outperforming Bitcoin or if Bitcoin is currently leading the charge. The latest reading suggests a significant shift is underway. Understanding the Altcoin Season Index The Altcoin Season Index, tracked by platforms like CoinMarketCap (CMC), is a valuable tool for investors trying to gauge market sentiment and potential trends. But what exactly does it measure? It focuses on the performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens. The analysis looks at the performance of these top 100 altcoins relative to Bitcoin over the past 90 days. The index ranges from 1 to 100. Essentially, the index asks: How many of these major altcoins have managed to outperform Bitcoin in the last three months? Altcoin Season vs. Bitcoin Season The index clearly defines the two primary market phases: Altcoin Season: Occurs when at least 75% of the top 100 altcoins have outperformed Bitcoin over the past 90 days. The index score is typically high (often above 75). Characterized by broad rallies across many altcoins, often seeing significant percentage gains. Bitcoin Season: Occurs when 25% or fewer of the top 100 altcoins have outperformed Bitcoin over the past 90 days. The index score is typically low (often below 25). Characterized by Bitcoin’s dominance, where BTC might be performing strongly, consolidating, or even dipping, but altcoins are generally performing worse or stagnant. The Current Reading: Altcoin Season Index at 21 As of 00:27 UTC on June 18, the Altcoin Season Index registered a score of 21. This is a slight drop from the previous day’s figure. According to the index’s definition, a score of 21 falls squarely into the…
The post Crucial Index Signals Bitcoin Dominance appeared on BitcoinEthereumNews.com.
Are you tracking the pulse of the Crypto Market? If so, you’ve likely heard of the Altcoin Season Index. This crucial metric offers insights into whether altcoins are broadly outperforming Bitcoin or if Bitcoin is currently leading the charge. The latest reading suggests a significant shift is underway. Understanding the Altcoin Season Index The Altcoin Season Index, tracked by platforms like CoinMarketCap (CMC), is a valuable tool for investors trying to gauge market sentiment and potential trends. But what exactly does it measure? It focuses on the performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens. The analysis looks at the performance of these top 100 altcoins relative to Bitcoin over the past 90 days. The index ranges from 1 to 100. Essentially, the index asks: How many of these major altcoins have managed to outperform Bitcoin in the last three months? Altcoin Season vs. Bitcoin Season The index clearly defines the two primary market phases: Altcoin Season: Occurs when at least 75% of the top 100 altcoins have outperformed Bitcoin over the past 90 days. The index score is typically high (often above 75). Characterized by broad rallies across many altcoins, often seeing significant percentage gains. Bitcoin Season: Occurs when 25% or fewer of the top 100 altcoins have outperformed Bitcoin over the past 90 days. The index score is typically low (often below 25). Characterized by Bitcoin’s dominance, where BTC might be performing strongly, consolidating, or even dipping, but altcoins are generally performing worse or stagnant. The Current Reading: Altcoin Season Index at 21 As of 00:27 UTC on June 18, the Altcoin Season Index registered a score of 21. This is a slight drop from the previous day’s figure. According to the index’s definition, a score of 21 falls squarely into the…
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