Bitcoin’s $1.7 trillion market cap is just under 60% of the crypto market’s $2.85 trillion total. The article says staying below 60% could signal altcoins gaining ground; its Altcoin Season Index score is 50, below the 75 needed to declare altcoin season.
CoinMarketCap’s Altcoin Season Index tracks how many of the 100 largest cryptocurrencies by market cap outperformed Bitcoin over the previous 90 days. Bitcoin dominance was between 58% and 62% for much of the past 12 months, according to the article.
Over the 90 days cited, Zcash, Uniswap and Arbitrum each gained at least 200%; NEAR Protocol and Venice rose more than 100%. Bitcoin gained 40% in the same period.
