Altcoin Season Index: Decoding the Crucial Shift to Bitcoin Dominance
Main Idea
The Altcoin Season Index indicates the crypto market is currently in Bitcoin Season, with Bitcoin outperforming most altcoins, and provides insights for investors to adjust their strategies accordingly.
Key Points
1. The Altcoin Season Index, tracked by CoinMarketCap, registered a score of 36, signaling Bitcoin Season, where Bitcoin outperforms most altcoins.
2. The index defines Altcoin Season as a score of 75 or higher (75%+ altcoins outperform Bitcoin) and Bitcoin Season as 25 or lower (25% or fewer altcoins outperform Bitcoin).
3. A score between 26-74 indicates a mixed performance market, neither Altcoin nor Bitcoin Season.
4. Investors should consider adjusting their portfolios during Bitcoin Season, focusing on Bitcoin and fundamentally strong altcoins.
5. The index helps identify market cycles, with Bitcoin Season not lasting forever, and altcoins may regain dominance later.
Description
BitcoinWorld Altcoin Season Index: Decoding the Crucial Shift to Bitcoin Dominance In the dynamic world of cryptocurrency, understanding market cycles is paramount. Are we in a period where Bitcoin reigns supreme, or are altcoins poised for explosive growth? The answer often lies within key metrics, and one of the most insightful is the Altcoin Season Index . As of July 31, 00:30 UTC, this crucial indicator, tracked by CoinMarketCap (CMC), registered a score of 36, a two-point dip from the previ...
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