• bitcoinBitcoin (BTC) $ 60,011.00
  • ethereumEthereum (ETH) $ 3,201.55
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 536.57
  • solanaSolana (SOL) $ 145.40
  • usd-coinUSDC (USDC) $ 0.999949
  • staked-etherLido Staked Ether (STETH) $ 3,207.00
  • xrpXRP (XRP) $ 0.529586
  • the-open-networkToncoin (TON) $ 7.35
  • dogecoinDogecoin (DOGE) $ 0.112796
  • cardanoCardano (ADA) $ 0.433762
  • tronTRON (TRX) $ 0.137813
  • avalanche-2Avalanche (AVAX) $ 25.94
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 60,051.00
  • polkadotPolkadot (DOT) $ 6.24
  • chainlinkChainlink (LINK) $ 13.18
  • bitcoin-cashBitcoin Cash (BCH) $ 376.22
  • uniswapUniswap (UNI) $ 8.31
  • nearNEAR Protocol (NEAR) $ 5.40
  • leo-tokenLEO Token (LEO) $ 5.83
  • daiDai (DAI) $ 0.999651
  • litecoinLitecoin (LTC) $ 70.02
  • matic-networkPolygon (MATIC) $ 0.524244
  • wrapped-eethWrapped eETH (WEETH) $ 3,339.31
  • kaspaKaspa (KAS) $ 0.169130
  • internet-computerInternet Computer (ICP) $ 8.74
  • pepePepe (PEPE) $ 0.000009
  • ethena-usdeEthena USDe (USDE) $ 0.999451
  • ethereum-classicEthereum Classic (ETC) $ 22.39
  • aptosAptos (APT) $ 6.67
  • stellarStellar (XLM) $ 0.106342
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.20
  • moneroMonero (XMR) $ 156.70
  • makerMaker (MKR) $ 2,795.46
  • hedera-hashgraphHedera (HBAR) $ 0.070367
  • crypto-com-chainCronos (CRO) $ 0.093550
  • blockstackStacks (STX) $ 1.67
  • filecoinFilecoin (FIL) $ 4.24
  • render-tokenRender (RNDR) $ 6.16
  • cosmosCosmos Hub (ATOM) $ 6.16
  • okbOKB (OKB) $ 39.91
  • vechainVeChain (VET) $ 0.029175
  • mantleMantle (MNT) $ 0.718188
  • arbitrumArbitrum (ARB) $ 0.709349
  • immutable-xImmutable (IMX) $ 1.35
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,245.37
  • suiSui (SUI) $ 0.816858
  • injective-protocolInjective (INJ) $ 20.63
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999906
  • optimismOptimism (OP) $ 1.72
  • bittensorBittensor (TAO) $ 270.38
  • the-graphThe Graph (GRT) $ 0.191189
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,584.96
  • dogwifcoindogwifhat (WIF) $ 1.73
  • bonkBonk (BONK) $ 0.000024
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,325.23
  • arweaveArweave (AR) $ 24.40
  • notcoinNotcoin (NOT) $ 0.015100
  • aaveAave (AAVE) $ 102.24
  • lido-daoLido DAO (LDO) $ 1.67
  • bitget-tokenBitget Token (BGB) $ 1.04
  • flokiFLOKI (FLOKI) $ 0.000147
  • ondo-financeOndo (ONDO) $ 0.984903
  • theta-tokenTheta Network (THETA) $ 1.42
  • whitebitWhiteBIT Coin (WBT) $ 9.59
  • fantomFantom (FTM) $ 0.481055
  • thorchainTHORChain (RUNE) $ 3.76
  • celestiaCelestia (TIA) $ 6.35
  • algorandAlgorand (ALGO) $ 0.148899
  • jasmycoinJasmyCoin (JASMY) $ 0.024432
  • based-brettBrett (BRETT) $ 0.118371
  • pyth-networkPyth Network (PYTH) $ 0.304993
  • jupiter-exchange-solanaJupiter (JUP) $ 0.816437
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,209.58
  • quant-networkQuant (QNT) $ 73.10
  • sei-networkSei (SEI) $ 0.327484
  • coredaoorgCore (CORE) $ 1.11
  • elrond-erd-2MultiversX (EGLD) $ 35.56
  • gatechain-tokenGate (GT) $ 7.30
  • flare-networksFlare (FLR) $ 0.020115
  • kucoin-sharesKuCoin (KCS) $ 9.22
  • mantra-daoMANTRA (OM) $ 1.05
  • flowFlow (FLOW) $ 0.571163
  • akash-networkAkash Network (AKT) $ 3.43
  • eosEOS (EOS) $ 0.549177
  • axie-infinityAxie Infinity (AXS) $ 5.54
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,255.09
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.57
  • dydx-chaindYdX (DYDX) $ 1.34
  • bitcoin-svBitcoin SV (BSV) $ 40.88
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.03
  • galaGALA (GALA) $ 0.021751
  • beam-2Beam (BEAM) $ 0.015752
  • bittorrentBitTorrent (BTT) $ 0.00000082
  • msolMarinade Staked SOL (MSOL) $ 174.76
  • tezosTezos (XTZ) $ 0.789250
  • neoNEO (NEO) $ 10.76
  • fasttokenFasttoken (FTN) $ 2.35
  • usddUSDD (USDD) $ 1.00
  • starknetStarknet (STRK) $ 0.565534
  • the-sandboxThe Sandbox (SAND) $ 0.315993
  • zebec-protocolZebec Protocol (ZBC) $ 0.014141
  • roninRonin (RON) $ 2.12
  • gnosisGnosis (GNO) $ 267.19
  • ordinalsORDI (ORDI) $ 32.90
  • ethenaEthena (ENA) $ 0.390842
  • lido-staked-solLido Staked SOL (STSOL) $ 171.09
  • mog-coinMog Coin (MOG) $ 0.000002
  • fraxFrax (FRAX) $ 0.998200
  • nexoNEXO (NEXO) $ 1.16
  • conflux-tokenConflux (CFX) $ 0.150794
  • frax-etherFrax Ether (FRXETH) $ 3,195.65
  • decentralandDecentraland (MANA) $ 0.331156
  • ecasheCash (XEC) $ 0.000031
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,446.58
  • chilizChiliz (CHZ) $ 0.068232
  • pendlePendle (PENDLE) $ 3.85
  • tether-goldTether Gold (XAUT) $ 2,411.07
  • safeSafe (SAFE) $ 1.38
  • mina-protocolMina Protocol (MINA) $ 0.509787
  • dexeDeXe (DEXE) $ 10.13
  • zksyncZKsync (ZK) $ 0.156694
  • popcatPopcat (POPCAT) $ 0.586557
  • havvenSynthetix Network (SNX) $ 1.71
  • oasis-networkOasis Network (ROSE) $ 0.082463
  • klay-tokenKlaytn (KLAY) $ 0.148671
  • iotaIOTA (IOTA) $ 0.161276
  • book-of-memeBOOK OF MEME (BOME) $ 0.007803
  • heliumHelium (HNT) $ 3.20
  • swethSwell Ethereum (SWETH) $ 3,392.52
  • 1inch1inch (1INCH) $ 0.417371
  • astarAstar (ASTR) $ 0.073657
  • wemix-tokenWEMIX (WEMIX) $ 1.26
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.90
  • nervos-networkNervos Network (CKB) $ 0.011396
  • wormholeWormhole (W) $ 0.278786
  • worldcoin-wldWorldcoin (WLD) $ 1.83
  • apecoinApeCoin (APE) $ 0.740637
  • axelarAxelar (AXL) $ 0.692736
  • true-usdTrueUSD (TUSD) $ 0.999295
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,491.04
  • raydiumRaydium (RAY) $ 1.86
  • aioz-networkAIOZ Network (AIOZ) $ 0.426304
  • theta-fuelTheta Fuel (TFUEL) $ 0.069908
  • xdce-crowd-saleXDC Network (XDC) $ 0.030958
  • livepeerLivepeer (LPT) $ 13.70
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004542
  • pax-goldPAX Gold (PAXG) $ 2,396.90
  • illuviumIlluvium (ILV) $ 65.84
  • apenftAPENFT (NFT) $ 0.00000044
  • bitcoin-goldBitcoin Gold (BTG) $ 24.90
  • kavaKava (KAVA) $ 0.401297
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000020
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • magaMAGA (TRUMP) $ 9.08
  • zcashZcash (ZEC) $ 28.13
  • stader-ethxStader ETHx (ETHX) $ 3,309.70
  • layerzeroLayerZero (ZRO) $ 3.69
  • usdbUSDB (USDB) $ 0.995146
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000074
  • aerodrome-financeAerodrome Finance (AERO) $ 0.747091
  • aevo-exchangeAevo (AEVO) $ 0.467051
  • paypal-usdPayPal USD (PYUSD) $ 0.999744
  • mx-tokenMX (MX) $ 3.81
  • echelon-primeEchelon Prime (PRIME) $ 8.76
  • iotexIoTeX (IOTX) $ 0.039214
  • woo-networkWOO (WOO) $ 0.193038
  • singularitynetSingularityNET (AGIX) $ 0.583897
  • safepalSafePal (SFP) $ 0.778327
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.070688
  • corgiaiCorgiAI (CORGIAI) $ 0.001036
  • h2o-daoH2O Dao (H2O) $ 0.426086
  • compound-ethercETH (CETH) $ 64.35
  • curve-dao-tokenCurve DAO (CRV) $ 0.283827
  • rocket-poolRocket Pool (RPL) $ 16.43
  • kusamaKusama (KSM) $ 22.14
  • stepnGMT (GMT) $ 0.147396
  • compound-governance-tokenCompound (COMP) $ 48.46
  • arkhamArkham (ARKM) $ 1.40
  • osmosisOsmosis (OSMO) $ 0.484933
  • memecoin-2Memecoin (MEME) $ 0.014771
  • aragonAragon (ANT) $ 8.08
  • golemGolem (GLM) $ 0.315376
  • holotokenHolo (HOT) $ 0.001740
  • dashDash (DASH) $ 25.80
  • dydxdYdX (ETHDYDX) $ 1.34
  • zilliqaZilliqa (ZIL) $ 0.016297
  • compound-wrapped-btccWBTC (CWBTC) $ 1,205.21
  • beldexBeldex (BDX) $ 0.044618
  • blurBlur (BLUR) $ 0.170786
  • radixRadix (XRD) $ 0.028083
  • justJUST (JST) $ 0.029771
  • blastBlast (BLAST) $ 0.016536
  • celoCelo (CELO) $ 0.534333
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003259
  • pepecoin-2PepeCoin (PEPECOIN) $ 2.46
  • manta-networkManta Network (MANTA) $ 0.843978
  • project-galaxyGalxe (GAL) $ 2.41
  • aethirAethir (ATH) $ 0.075650

Bitcoin’s (BTC) Price Slips Below $60,000 – Time for Altcoin Season 

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Bitcoin’s (BTC) price has declined considerably over the past few days, even losing a critical support level.

This seems to have triggered investors’ hopes of the altcoin season beginning, but the truth appears to be rather different.

Bitcoin Dominance Slips

Bitcoin’s price is hovering around $58,000 at the time of writing after losing the psychological support level of $60,000 this week. This resulted in Bitcoin’s dominance (BTC.D) also falling considerably.

BTC dominance was observing a macro uptrend that had been unbroken since the beginning of the year. However, the end of June and the beginning of July have not been kind to the crypto market, resulting in BTC.D slipping below the uptrend line. Currently, this dominance is at 54.70%.

Bitcoin’s (BTC) Price Slips Below $60,000 – Time for Altcoin Season 

Bitcoin Dominance. Source: TradingView

This led to many believing that the altcoin season could have begun. However, as Bitcoin fell, so did most of the altcoins in the market. Many, such as Arbitrum (ARB), even noted a new all-time low.

Observing the performance of the top 50 non-stablecoin altcoins, we can see that only seven tokens noted gains. In all, about 13 tokens managed to outperform BTC, of which five noted losses.

Generally, for the altcoin season to begin, at least 75% of these 50 tokens, i.e., 38 altcoins, must perform better than Bitcoin. Since that is far from the case, it can be said that the market still has a while before it observes the beginning of the altcoin season.

Bitcoin’s (BTC) Price Slips Below $60,000 – Time for Altcoin Season 

Top 50 Altcoin’s Performance. Source: BlockChain Center

How Far Away Is Altcoin Season?

The Altcoin Season index shows that owing to the market-wide losses, Bitcoin season is currently active. The index ranges from 0 to 100, with values below 25 signalling Bitcoin Season, and at the moment, it is at 24.

Bitcoin’s (BTC) Price Slips Below $60,000 – Time for Altcoin Season 

Altcoin Season Index. Source: BlockChain Center

When this value is above 75, the Altcoin Season is considered active, which could take a few months. Last time, it took the market about three months to shift from BTC to Altcoin season. If the same interval is considered this time, one can expect the latter to begin by early October.

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