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Altcoin Season Index Approaches Key Threshold, Ethereum Surges 27%
Altcoin Season – The crypto market is showing clear signs that altcoin season might be approaching. While Bitcoin holds steady just below $120,000, altcoins—led by Ethereum’s strong rally toward $4,000—are gaining serious momentum, gradually chipping away at Bitcoin’s market dominance.
Ethereum Leads the Charge with a 27% Surge
Ethereum’s impressive 27% surge this week has pushed many altcoins to multi-month highs, igniting renewed investor interest in the broader altcoin market. This surge has played a significant role in Bitcoin’s dominance falling from 64.5% to 60.9% in just five days—the lowest point in over four months. Such a drop often signals that the market’s attention is shifting away from Bitcoin and toward altcoins.
Altcoin Season Index Approaches Critical Threshold
The Altcoin Season Index, which measures altcoins’ performance relative to Bitcoin, currently sits at the midpoint. For a full-fledged altcoin season, at least 75% of the top 50 cryptocurrencies (excluding stablecoins and asset-backed tokens) must outperform Bitcoin over a 90-day period. Presently, only 50% of these altcoins have outperformed Bitcoin, indicating there’s still room for growth before altseason officially begins.
What Could Delay Altseason?
Despite the optimism, caution remains. Many tokens are at multi-month highs, and if investors start taking profits, the resulting selling pressure could stall the rally. Such a pullback might push the anticipated altcoin season further into Q3 2025 rather than seeing it kick off immediately.
Healthy Market Shift or Sell-Off?
Interestingly, Bitcoin’s price has remained relatively flat around $118,301 despite losing market share, suggesting a healthy rotation of capital rather than a widespread sell-off. This consolidation below $120,000 sets the stage for altcoins to capitalize on growing investor interest.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
