The Altcoin Season is a period where alternative cryptocurrencies (Altcoins) outperform Bitcoin, often due to increased market sentiment, rapid price increases, and growing dominance in the cryptocurrency market.
*To determine if the Altcoin Season has started:*
- We can look at the performance of the top alternative cryptocurrencies compared to Bitcoin over the past 90 days.
- According to the CMC Altcoin Season Index, the Altcoin Season is defined as when 75% of the top 100 coins outperform Bitcoin.
*Current market sentiment:*
- The CMC Altcoin Season Index provides instant insights into whether the market is in an Altcoin Season.
- Another indicator suggests that we are currently in a "Bitcoin Season" with a score of 24, indicating that Bitcoin dominates the market.
*Key characteristics