According to BlockBeats, the altcoin market is experiencing a significant uptrend. The TOTAL3 index, which measures the total market capitalization of cryptocurrencies excluding Bitcoin and Ethereum, has increased by 10.66% over the past week. During the same period, Bitcoin's market dominance has decreased by 1.92%, while Ethereum's dominance has risen by 2.23%.
As of the latest data, the total market capitalization of cryptocurrencies worldwide has reached $4.17 trillion. The CMC Altcoin Season Index has climbed to 72, marking a new high within a 90-day observation period. This index indicates that approximately 72 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin in the past 90 days.
