Editor's PiCK
CMC altcoin season index reaches 79 points
Son Min
Summary
- CoinMarketCap's altcoin season index reached 79 points, suggesting an altcoin season.
- Altcoin market capitalization increased by US$20 billion from the previous day, recovering to US$1.74 trillion.
- The Altcoin Season Index is calculated by comparing price movements between the top 100 coins by market capitalization and Bitcoin.
The altcoin season index provided by CoinMarketCap, a virtual asset (cryptocurrency) market reporting site, was shown to have reached 79 points.
121 (local time) According to CoinMarketCap, the 'Altcoin Season Index' recorded 79 points, up 1 point from the previous day. CoinMarketCap classifies an altcoin season starting from 75 points.
The altcoin market capitalization also increased by US$20 billion from the previous day, recovering to US$1.74 trillion.
The Altcoin Season Index is calculated by comparing price movements between the top 100 coins by market capitalization (excluding stablecoins and wrapped coins) and Bitcoin (BTC). The one-year high is 87 points, recorded on December 4 last year.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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