Altcoin Underperformance Against Bitcoin Persists: Index Dips to 17

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The cryptocurrency market continues to show a challenging environment for altcoin investors. According to the latest Altcoin Season Index data tracked by CoinMarketCap, the index has slipped to 17 as of December 26, marking a decline from the previous day’s reading of 18. This metric evaluates how the leading 100 cryptocurrencies have performed relative to Bitcoin over a rolling 90-day window.

The current altcoin index level reveals a sobering reality: merely 17 projects from the top 100 have managed to outperform Bitcoin during this period. This indicates that Bitcoin has maintained its dominance against the broader altcoin market.

Looking back at recent history provides additional context to today’s weakness. The Altcoin Season Index reached its peak of 78 on September 20, representing a period when altcoins enjoyed significantly stronger relative performance. The sharp decline from that September peak to today’s level of 17 underscores how dramatically market sentiment has shifted.

This persistent low reading suggests that altcoin investors face an uphill battle in the current market cycle. When the Altcoin Season Index operates in the lower ranges, it typically reflects a market environment where capital is concentrated in major cryptocurrencies like Bitcoin, leaving altcoins to struggle for investor attention and liquidity.

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