As of December 20, 2024, the Altcoin Index has dropped to 43, indicating a potential end to the recent altseason.

Previously, during the anticipated altseason, the Altcoin Index had peaked at a yearly high of 90, reflecting robust investment in alternative cryptocurrencies.

However, major altcoins such as Ethereum, Solana, and XRP have faced significant price declines, prompting many investors to shift their focus back to Bitcoin.

Consequently, Bitcoin's dominance has surged to nearly 60%, marking a 6% increase in just the past week as the altcoin market continues to struggle.

This rise in Bitcoin's market share follows a period where it had fallen to around 55% after Donald Trump's election victory in November 2024, when an altseason was expected.

The recent sharp declines in the crypto market can be attributed to changes in Federal Reserve policy, which have led investors to seek safer assets, further boosting Bitcoin's dominance.