On May 19th, COINOTAG reported significant fluctuations within the cryptocurrency market based on data from CoinMarketCap. As Bitcoin attempts to breach previous all-time highs, the Altcoin Season Index has witnessed a marked downturn, plummeting from a recent peak of 43 to 24. This index, which hit a yearly high of 87 on December 4, 2024, has been characterized by a persistent decline, reaching a low of 13. Following a brief resurgence during the May market rally, where it ascended back to 43, the index has again faced downward pressure.
Among the top 100 cryptocurrencies ranked by market capitalization over the past 90 days, 24 tokens have notably outperformed Bitcoin. The leading altcoins during this period include FARTCOIN, FORM, IP, VIRTUAL, and BRETT. This performance highlights the shifting dynamics within the market, emphasizing the unpredictable nature of cryptocurrency investments.