Altcoin Season Index: Bitcoin Dominates Crypto Market as We Navigate a Long-Term Season

The Altcoin Season Index paints a clear picture: The crypto market currently resides firmly in a ‘Bitcoin Season’. This means that, statistically, the vast majority of altcoins are underperforming Bitcoin over the past 90 days. As of May 22, 2024, at 00:32 UTC, the index registers a score of 24, signaling this strong Bitcoin dominance. To understand the implications for investors, let’s explore the intricacies of Bitcoin Season and how it impacts the crypto landscape.