Altcoin season index falls as bitcoin share rises
The altcoin season index (ASI) has fallen to 35. This indicates that bitcoin's market performance is improving compared to the rest of the cryptocurrencies.
The ASI index, which is tracked by CoinMarketCap, measures the performance of the 100 largest cryptocurrencies (excluding stablecoins and wrapped tokens) over the past 90 days.
Altcoin season occurs when at least 75% of these assets outperform bitcoin.
Conversely, bitcoin season should be expected when less than 25% of altcoins outperform the flagship cryptocurrency.
The day before, the altcoin season index stood at 36, up from 34 a week earlier. The index remained at 23 in October.
The year-to-date high of 50 was recorded on April 9 and reflected a balanced market.
The low of 13 occurred on September 3 and demonstrated bitcoin's strength.
Despite the fact that the current ASI is at 35, investor interest in altcoins is growing. The aggregate market capitalization of that asset category has also remained relatively stable.
Over the past 90 days, it has been at the level of $900 billion.
According to experts, the discrepancy between the altcoin season index and their market capitalization most likely speaks to the mood of investors and their trading activity.
🥷 Hacker Who Breached Bitfinex Gets 5 Years in Prison
⚖️ A U.S. court sentenced Ilya Lichtenstein to 5 years in prison for laundering funds from the 2016 Bitfinex hack. Authorities seized 94,643 BTC (~$3.6B in 2022) from Lichtenstein and his wife, Heather Morgan.
While both admitted to money laundering, Lichtenstein denied orchestrating the hack.
👀 Despite using advanced techniques like fake IDs, darknet exchanges, and mixers, his sloppy mistakes—like linking accounts to his real name and using Coinbase—led to his capture. 🤷♂️
Morgan’s sentence will be announced on November 18, with prosecutors recommending 18 months. A lesson learned: even "masterminds" can fumble. 🕵️♂️💸
Bitcoin is expected to peak at the end of May, coinciding with U.S. recession forecasts!
🕵️♂️ Copper.co analysts project Bitcoin could hit a price peak in about 200 days, around mid-2025, as it approaches the typical 756-day cycle observed in previous bull markets.
Currently, Bitcoin is at day 554 of this cycle, which began mid-2023. 🧐
The timing might align with a potential U.S. recession.
A recent JPMorgan report estimates a 45% chance of recession in the latter half of 2025, which could impact investor sentiment toward crypto, despite Bitcoin’s resilience in past downturns. 🤷
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I think the altcoins will get really underway soon. Bitcoin always does well in the early part of the cycle. Also, this time might be different for Bitcoin and it might have huge up moves nonstop for the next 12 months...
You are right, considering the fact that Trump won the election this bull run would be insane and last Longer. The narrative is a bit change as currently memecoin had gain lots of traction and that's were move is flowing into now making lots of people making crazy amount of money doing degen trading on Solana.
You can see the market cap of memecoin increasing daily and soon it will hit the 1 trillion market cap with Solana making the move. For me altcoin is still coming but make not be as crazy as we think.
What do you think is next? I think DOGE will pop when BTC goes over 93k.
Am bullish on doge to hit $1. The reaso been Elon musk been appointed as minister of Department of government efficiency (D.O G.E) by Trump. I believe he will continue to back that memecoin.
Lastly doge was the first memecoin crested just as btc is the first crypto coin. Doge will continue to lead as the other meme coin follows.