Binance CZ Weighs in as Altcoin Season Index Stays Low at 14/100

Last Updated:
Bitcoin King? Altcoins Lag in "Alt Season" Check
  • CoinMarketCap’s altcoin season index sits at 14/100, indicating Bitcoin’s dominance.
  • CZ says a score of 50 would signal a strong altcoin season.
  • President Trump signs an executive order to create a U.S. Bitcoin Strategic Reserve.

Altcoins are still behind Bitcoin, according to CoinMarketCap’s altcoin season index, which is currently at 14/100. The index calculates how many of the top 100 altcoins have done better than Bitcoin over the last 90 days. 

A score above 50 usually means an altcoin season, but the current reading suggests Bitcoin is still on top.

Former Binance CEO Changpeng “CZ” Zhao weighed in on the metric, saying, “I think this is a tough ranking system. 50 is probably a really good score.” His comment highlights how few altcoins have managed to outperform Bitcoin in recent months.

Related: Altcoin Season Watch: Bitcoin Dominance Holds, But Breakout Signals Flash

Altcoin Performance: Under Pressure

Data from Coinmarket show that Bitcoin has jumped 10.97% in the past three months, while many major altcoins have had a hard time keeping up. 

Looking at the underperformers, HBAR has dropped by 24.33%, BNB by 19.01%, XDC by 19.09%, and TRX by 25.36%. This further proves Bitcoin’s market dominance. 

While a few exceptions exist, such as BERA’s 564.70% surge and TRUMP’s 100.41% rally, overall market conditions do not yet signal the arrival of a full-fledged altcoin season. 

Some Altcoins Show Gains, But No “Season”

Meanwhile, OM, IP, Dexe, and GT have posted considerable gains between 64% and 69%, outperforming Bitcoin but not leading a broader altcoin surge.

Altcoin Season Hope? Trump’s Bitcoin Reserve Order in Focus

Interestingly, the discussion about a possible altcoin season came up in the crypto community after United States President, Donald Trump, signed an executive order to set up a Bitcoin Strategic Reserve. This officially makes the country’s 198K BTC tokens a long-term store of value instead of an asset to liquidate. 

Related: Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law

Specifically, the reserve will be funded with Bitcoin seized through criminal and civil asset forfeiture proceedings, so it won’t cost taxpayers anything. The move comes after past government Bitcoin sales that resulted in over $17 billion in lost value. The new strategy aims to prevent similar losses and maximize Bitcoin’s value as a national asset.

U.S. Crypto Stockpile Includes Altcoins

In addition to the Bitcoin reserve, the executive order creates a U.S. crypto stockpile, comprising altcoins from enforcement actions. Altcoins the government currently holds include Ethereum, TRON (TRX), and stablecoins USDT and USDC.

It is worth mentioning that the order specifies the government will not be making new acquisitions for altcoins. However, new purchases will be made for Bitcoin.

Earlier, President Trump announced the country would hold XRP, Solana, and Cardano. Under the conditions of the order, it remains unclear whether the government will liquidate other altcoins it currently holds or its stablecoins to convert to XRP, ADA, and SOL.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

CoinStats ad