CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Coin Edition 2024-12-14 12:47:26

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 .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.