The altseason index collapses
The cryptocurrency season takes a pause and bitcoin recovers ground.
The market shows a cooling in the momentum of cryptocurrencies. Only 41% of the top 50 cryptocurrencies (i.e., digital assets excluding bitcoin) have outperformed bitcoin (BTC) in the last 90 days, a significant drop from the 59% recorded until July 21, according to data from the Blockchain Center index.
For it to be considered an altseason, at least 75% of these cryptocurrencies must outperform BTC during that period, a threshold that the market is still far from.
