{"id":145094,"date":"2024-12-19T08:00:49","date_gmt":"2024-12-19T06:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145094"},"modified":"2024-12-19T05:20:30","modified_gmt":"2024-12-19T03:20:30","slug":"altcoin-season-loses-steam-as-bitcoin-reclaims-market-dominance","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/altcoin-season-loses-steam-as-bitcoin-reclaims-market-dominance\/","title":{"rendered":"Altcoin Season Loses Steam as Bitcoin Reclaims Market Dominance"},"content":{"rendered":"

Bitcoin<\/a> <\/strong>has slipped below $100,000, while major tokens like Ethereum<\/a><\/strong>, XRP<\/a><\/strong>, Cardano<\/a><\/strong>, and Dogecoin<\/a> <\/strong>have faced even sharper declines. Analysts are advising caution as uncertainty grips the market.<\/p>\n

The Altcoin Season Index, which tracks the relative performance of top cryptocurrencies, dropped<\/a> <\/strong>to 55 from 65. Typically, scores above 50 indicate altcoins outperform Bitcoin, but the recent drop suggests waning strength. For a strong “alt season,” 75% of altcoins need to surpass Bitcoin’s performance, a condition far from being met as Bitcoin gains traction.<\/p>\n

Bitcoin’s market dominance has risen, approaching a critical threshold. A breakthrough here could signify capital flowing back into Bitcoin, potentially marking the end of the altcoin rally. This shift reflects growing investor interest in Bitcoin, possibly due to macroeconomic trends and institutional movements.<\/p>\n