Altcoin Season Strengthens as Bitcoin Dominance Slips Below 60%

Altcoins lead as Bitcoin’s dominance drops below 60% on December 14, 2024. The Altcoin Season Index shows a market shift with altcoins outperforming Bitcoin. Historical patterns suggest Bitcoin may regain dominance after altcoin rallies. As of Dec 14, 2024, the crypto market shows a shift in dominance, with altcoins taking the lead. The Altcoin Season Index, tracked by CoinMarketCap , is at 65, signaling altcoin season . This change contrasts with previous periods when Bitcoin dominated the market. The index, which tracks the performance of the top 100 coins over the past 90 days, shows that at least 75% of these coins have outperformed Bitcoin. Understanding the Altcoin Season Index With a score of 65, the current index indicates that altcoins are surpassing Bitcoin, but not to the extent seen in past altcoin surges. Although Bitcoin remains strong, the market dynamics are changing, with altcoins gaining influence. The Altcoin Season Index reflects the market’s volatility. A week ago, the index was at 83, showing a powerful altcoin rally. However, a month ago, the index was lower at 36, suggesting a quieter market where Bitcoin had stronger dominance.… The post Altcoin Season Strengthens as Bitcoin Dominance Slips Below 60% appeared first on Coin Edition .