Published 5 days ago • Updated 5 days ago

Bitcoin dominance hits 62%, defying altcoin season expectations

Summary by Cryptopolitan

Bitcoin’s market dominance has surged to 62%, the highest it’s been since February 2021. This rise contradicts the wider expectations of a so-called “altcoin season” when alternative cryptos rally harder than BTC. The Altcoin Season Index, which tracks the price performance of the top 50 altcoins against Bitcoin, is at 18. A reading below 25 indicates a “Bitcoin season,” meaning altcoins are faltering compared to Bitcoin. Investors drive Bitcoin…

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Bitcoin dominance reaches 58%: Why does the altcoin season still not arrive?

The dominance of Bitcoin has exceeded 58%, marking its highest level since the beginning of 2021 and challenging the expectations of a rotation of the market towards altcoins. Despite favourable conditions for an altcoins boom, this “altcoin season” still does not materialize. In this report, we analyze the factors that have driven the domination of Bitcoin, why the altcoins have not taken off as expected and what could change in the coming mont…

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