The Altcoin Season Index registered 60, signaling strength in altcoins versus Bitcoin.
Bitcoin’s rally is driven by institutional demand, limiting fresh liquidity for altcoins.
Altcoins need independent strategies and real-world utility to attract new capital.
The Altcoin Season Index, tracked by CoinMarketCap, hit 60 on November 28. While slightly lower than the previous day’s 61, the market remains firmly in altcoin season, where the top 100 coins outperform Bitcoin overall. However, the current Bitcoin rally, fueled by institutional demand and ETFs, may reduce liquidity for smaller altcoins, making it harder for them to reach new highs.
Market analysts say the altcoin season continues if 75% of these assets outperform Bitcoin over the past 90 days. This metric excludes stablecoins and wrapped tokens, providing a clearer picture of overall market dynamics. Updated daily by CoinMarketCap (CMC), the Altcoin Season Index shows the shifting relationship between Bitcoin and altcoins. This trend often signals a change in market cycles, as retail investors turn their attention to alternative tokens.
Currently, the Altcoin Market Cap has broken out of an …
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