Bitcoin has maintained its dominance in the cryptocurrency market recently, outperforming altcoins significantly. According to the well-known analytics firm NS3.AI, the Altcoin Season Index, which measures the performance ratio of the top 100 cryptocurrencies against Bitcoin, currently stands at just 24. This low score indicates that over the past 90 days, Bitcoin has outpaced most altcoins. The Altcoin Season Index considers an “altcoin season” only when at least 75% of top cryptocurrencies outperform Bitcoin, a condition not met at present. This situation reflects growing popularity and investor confidence in Bitcoin. As the first and largest cryptocurrency, Bitcoin typically guides the overall market trend. Altcoins, which serve various purposes and technologies, tend to be more volatile than Bitcoin. Consequently, during periods of uncertainty or cautious market sentiment, investors prefer Bitcoin. Although altcoins have historically shown rapid gains and substantial profits, their recent weak performance suggests investors are currently favoring the more stable and established Bitcoin. Some analysts believe that due to temporary pressure or other factors, altcoin prices may decline while Bitcoin’s strength persists. Future market trends will depend on investor interest and global economic conditions, but the current index level clearly shows Bitcoin has solidified its dominance and left altcoins behind.
Source: binance
