Crypto market divergence, bitcoin challenges new highs, counterfeit products seasonal index drops to 24

On May 19, according to Coinmarketcap data, the crypto market trend diverged. While Bitcoin challenged a new high, the counterfeit products coin seasonal index (Altcoin SeasonIndex) fell from a recent high of 43 to 24. The counterfeit products coin index has continued to decline since hitting an annual high of 87 on December 4, 2024, falling to a low of 13. After the market rebounded to 43 in May, it fell again.