The cryptocurrency market is dominated by$BTC Bitcoin, as reflected in the Altcoin Season Index recorded by CoinMarketCap. On November 23, 2024 at 00:30 UTC, the index was 32, well below the threshold of 75 needed to denote an altcoin season.
The 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 a Bitcoin season, while a score above 75 indicates an altcoin season.
For the market to enter altcoin season, at least 75% of the top 100 coins must outperform Bitcoin within the specified time frame.
