Altcoin Market Booming: Index Reaches 75, Signalling Major Price Surge

The altcoin market is experiencing a significant surge, as the Altcoin Season Index has reached an impressive 75. This milestone indicates that 75% of top cryptocurrencies have outperformed Bitcoin over the past 90 days, signaling a potential for substantial price growth. Bitcoin’s dominance continues to fall, dropping to 58.5%, while the altcoin market cap surged by 30% to reach $1.8 trillion. This trend is driven in part by institutional investment into Ethereum (ETH) and Solana (SOL), which saw notable inflows of over $3.8 billion and a year-to-date gain of 112%, respectively. The chart illustrates this shift, with the Altcoin Season Index climbing from lows around 12 to its current mark of 75.